Rates of Tax Collection at Source (TCS) for the Financial Year 2014-2015 - Income Tax - Ready Reckoner - Income Tax

Rates of Tax Collection at Source for the Financial Year 2014 - 2015 (Rates are inclusive of Surcharge, Education Cess and Secondary Higher Education Cess) Section Particulars Resident / Domestic Company Non Resident non corporate person Foreign Company No Surcharge No E Cess Not exceeding ₹ 1 crore Exceeding ₹ 1 crores Not exceeding ₹ 1 crore Exceeding ₹ 1 crores but not exceeding ₹ 10 crores Exceeding ₹ 10 crores 206C Alcoholic liquor for human consumption 1% 1.03% 1.133% 1.03% 1.0506% 1.0815% 206C Tendu leaves 5% 5.15% 5.665% 5.15% 5.253% 5.4075% 206C Timber obtained under a forest lease 2.5% 2.575% 2.8325% 2.575% 2.6265% 2.70375% 206C Timber obtained by any more other than under a forest lease 2.5% 2.575% 2.8325% 2.575% 2.6265% 2.70375% 206C Any other forest product (not being timber or tendu leaves) 2.5% 2.575% 2.8325% 2.575% 2.6265% 2.70375% 206C Scrap 1% 1.03% 1.133% 1.03% 1.0506% 1.0815% 206C Packing lot, toll plaza, mining and quarrying 2% 2.06% 2.266% 2.06% 2.1012% 2.163% 206C Minerals, being coal or lignite or iron ore [w.e.f. 1.7.2012] 1% 1.03% 1.133% 1.03% 1.0506% 1.0815% 206C Bullion if consideration in Cash exceeds ₹ 2,00,000 No TCS on any coin or any other article weighing ten grams or less upto 31.5.2013 1% 1.03% 1.133% 1.03% 1.0506% 1.0815% 206C Jewellery if consideration in Cash exceeds ₹ 5,00,000 1% 1.03% 1.133% 1.03% 1.0506% 1.0815% ========================