Tax Collected at Source (TCS) is a tax payable by a seller which he collects from the buyer at the time of sale. For Financial Year (FY) 2023-24 (Assessment Year 2024-25), several significant changes were introduced, particularly concerning foreign remittances under the Liberalised Remittance Scheme (LRS) and overseas tour packages.
: Sections and Rates for Deduction of Tax . TDSMAN Chart : TDS & TCS Rate Chart 2024 PDF . Ambalal Patel & Co LLP : TDS / TCS Chart for FY 2023-24 . MPBOU Educational Resource : TDS & TCS Rate Chart PDF . TCS Rate Chart for FY 2023-24 (AY 2024-25) tcs rate chart for fy 2023-24 pdf download
You can access official and comprehensive TCS rate charts for FY 2023-24 through the following professional and government resources: Tax Collected at Source (TCS) is a tax
*Rates changed mid-year on October 1, 2023. See "Key Changes" below. Sections and Rates for Deduction of Tax TDSMAN Chart : TDS & TCS Rate Chart 2024 PDF
Table_title: TCS RATE CHART FY: 2023-24 (AY: 2024-25) Table_content: header: | Section | Nature of Payment | Existing TCS Rate (%) www.incometaxmumbai.gov.in TDS / TCS Rate Chart FY: 2023-24 (AY: 2024-25)
The following table summarizes the key TCS rates applicable for various domestic and international transactions: Nature of Goods/Transaction TCS Rate (%) Alcoholic Liquor for human consumption 206C(1) Tendu Leaves 206C(1) Timber/Forest produce (under forest lease) 206C(1) 206C(1) Minerals (Coal, Lignite, Iron Ore) 206C(1C) Parking Lot, Toll Plaza, Mining & Quarrying 206C(1F) Sale of Motor Vehicle (above ₹10 Lakhs) 206C(1H) Sale of any other goods (Receipts > ₹50 Lakhs) 206C(1G) Overseas Tour Program Package 206C(1G) Foreign Remittance under LRS (Other purposes)