Rates of Tax Collection at Source (TCS) for the Financial Year 2008-2009 - Income Tax - Ready Reckoner - Income Tax

Rates of Tax Collection at Source for the Financial Year 2008-2009 (Rates are inclusive of Surcharge, Education Cess and Secondary Higher Education Cess) Section Individual/HUF Domestic Company Foreign Company (10 lacs or below) (Above 10 lacs) (1 cores or below) (Above 1 crores) (1 cores or below) (Above 1 crores) 206C Alcoholic liquor for human consumption 1.03% 1.133% 1.03% 1.133% 1.03% 1.05575% 206C Tendu leaves 5.15% 5.665% 5.15% 5.665% 5.15% 5.27875% 206C Timber obtained under a forest lease 2.575% 2.8325% 2.575% 2.8325% 2.575% 2.639375% 206C Timber obtained by any more other than under a forest lease 2.575% 2.8325% 2.575% 2.8325% 2.575% 2.639375% 206C Any other forest product (not being timber or tendu leaves) 2.575% 2.8325% 2.575% 2.8325% 2.575% 2.639375% 206C Scrap 1.03% 1.133% 1.03% 1.133% 1.03% 1.05575% 206C Packing lot, toll plaza, mining and quarrying 2.06% 2.266% 2.06% 2.266% 2.06% 2.1115%