Rates of Tax Collection at Source (TCS) for the Financial Year 2017-18 - Income Tax - Ready Reckoner - Income Tax

Rates of Tax Collection at Source for the Financial Year 2017 - 2018 (Rates are inclusive of Surcharge, Education Cess and Secondary Higher Education Cess) Section Particulars Resident / Domestic Company Non Residents 206C No Surcharge No E Cess Add: Surcharge / E.Cess / SHE.Cess 1 Alcoholic liquor for human consumption 1% 1% 1. Surcharge: Non Resident Individual / HUF/AOP/BOI / Artificial Jurisdical Personal 10% if income exceeds ₹ 50 Lakhs but does not exceed 1 Crores 15% if income exceeds ₹ 1 Crores Non resident co-operative society / firm 12% Surcharge in case of Non Resident other than Foreign Company exceeds ₹ 1 Crore. Non Resident company 2% Surcharge in case of foreign company and amount exceeds ₹ 1 Crore to ₹ 10 Crore. In case of more than ₹ 10 Crore, 5% surcharge is applicable. 2. Education Cess 3% EC and SHEC (2% + 1%) 2 Tendu leaves 5% 5% 3 Timber obtained under a forest lease 2.5% 2.5% 4 Timber obtained by any more other than under a forest lease 2.5% 2.5% 5 Any other forest product (not being timber or tendu leaves) 2.5% 2.5% 6 Scrap 1% 1% 7 Packing lot, toll plaza, mining and quarrying 2% 2% 8 Minerals, being coal or lignite or iron ore [w.e.f. 1.7.2012] 1% 1% 12 Motor vehicle (retail sale) of the value exceeding ₹ 10 lakh (applicable from June 1, 2016) Irrespective of mode of payment 1% 1% ========================