Rates of Tax Collection at Source (TCS) for the Financial Year 2016-2017 - Income Tax - Ready Reckoner - Income Tax

Rates of Tax Collection at Source for the Financial Year 2016 - 2017 (Rates are inclusive of Surcharge, Education Cess and Secondary Higher Education Cess) Section Particulars Resident / Domestic Company Non Resident non corporate person Foreign Company 206C No Surcharge No E Cess Not exceeding Rs. 1 crore Exceeding Rs. 1 crores Not exceeding Rs. 1 crore Exceeding Rs. 1 crores but not exceeding Rs. 10 crores Exceeding Rs. 10 crores 1 Alcoholic liquor for human consumption 1% 1.03% 1.1536% 1.03% 1.0506% 1.0815% 2 Tendu leaves 5% 5.15% 5.768% 5.15% 5.253% 5.4075% 3 Timber obtained under a forest lease 2.5% 2.575% 2.8884% 2.575% 2.6265% 2.70375% 4 Timber obtained by any more other than under a forest lease 2.5% 2.575% 2.884% 2.575% 2.6265% 2.70375% 5 Any other forest product (not being timber or tendu leaves) 2.5% 2.575% 2.884% 2.575% 2.6265% 2.70375% 6 Scrap 1% 1.03% 1.1536% 1.03% 1.0506% 1.0815% 7 Packing lot, toll plaza, mining and quarrying 2% 2.06% 2.31% 2.06% 2.1012% 2.163% 8 Minerals, being coal or lignite or iron ore [w.e.f. 1.7.2012] 1% 1.03% 1.1536% 1.03% 1.0506% 1.0815% 9 Bullion if consideration in Cash exceeds Rs. 2,00,000 1% 1.03% 1.1536% 1.03% 1.0506% 1.0815% 10 Jewellery if consideration in Cash exceeds Rs. 5,00,000 1% 1.03% 1.1536% 1.03% 1.0506% 1.0815% 11 Any other goods or service if TDS provisions are not applicable, if consideration in Cash exceeds Rs. 2,00,000 1% 1.03% 1.1536% 1.03% 1.0506% 1.0815% 12 Motor vehicle (retail sale) of the value exceeding Rs. 10 lakh (applicable from June 1, 2016) Irrespective of mode of payment 1% 1.03% 1.1536% 1.03% 1.0506% 1.0815% ========================