TCS Rates for FY 2018-19 (AY 2019-20)

RATES FOR TAX COLLECTION AT SOURCE

Notes on TCS Rates for FY 2018-19 (AY 2019-20) :-

During the financial year 2018-19, tax shall be collected under section 206C of Income Tax Act at the rates given in the table (infra). If PAN of collectee is not intimated to the collector, tax will be collected by virtue of section 206CC either at twice the rate specified in the table (infra) or at the rate of 5 per cent, whichever is higher(However, the provisions of section 206CC shall not apply in the case of a non-resident collectee who does not have any permanent establishment in India.).

TCS Rates for FY 2018-19 (AY 2019-20)

Aggregate amount subject to TCS during the financial year 2018-19 →		Status of purchaser or licensee or lessee
		Resident	Non-resident individual/HUF/ AOP/BOI/artificial juridical person			Non-resident co-operative society/firm		Non-domestic company
		Any amount	Rs. 50 lakh or less	More than Rs. 50 lakh but not more than Rs. 1 crore	More than Rs. 1 crore	Rs. 1 crore or less	More than Rs. 1 crore	Rs. 1 crore or less	More than Rs. 1 crore but not more than Rs. 10 crore	More than Rs. 10 crore
Different nature of goods		TCS rate(inclusive of SC : Nil, HEC : Nil)	TCS rate(inclusive of SC: Nil, HEC : 4%)	TCS rate(inclusive of SC: 10%, HEC : 4%)	TCS rate(inclusive of SC: 15%, HEC : 4%)	TCS rate(inclusive of SC : Nil, HEC : 4%)	TCS rate(inclusive of SC : 12%, HEC : 4%)	TCS rate(inclusive of SC : Nil, HEC : 4%)	TCS rate(inclusive of SC : 2%, HEC : 4%)	TCS rate(inclusive of SC : 5%, HEC : 4%)
Category A (sale of the following)—
A1.	Alcoholic liquor for human consumption (other than Indian made foreign liquor)	1	1.04	1.144	1.196	1.04	1.1648	1.04	1.0608	1.092
A2.	Indian made for-eign liquor	1	1.04	1.144	1.196	1.04	1.1648	1.04	1.0608	1.092
A3.	Tendu leaves	5	5.2	5.72	5.98	5.2	5.824	5.2	5.304	5.46
A4.	Timber obtained under a forest lease	2.5	2.6	2.86	2.99	2.6	2.912	2.6	2.652	2.73
A5.	Timber obtained by any mode other than a forest lease	2.5	2.6	2.86	2.99	2.6	2.912	2.6	2.652	2.73
A6.	Any other forest produce (not being timber/tendu leaves)	2.5	2.6	2.86	2.99	2.6	2.912	2.6	2.652	2.73
A7.	Scrap	1	1.04	1.144	1.196	1.04	1.1648	1.04	1.0608	1.092
A8.	Minerals, being coal or lignite or iron ore	1	1.04	1.144	1.196	1.04	1.1648	1.04	1.0608	1.092
Category B (grant of lease/license of the following)—
B1.	Parking lot, toll plaza, mining and quarrying	2	2.08	2.288	2.392	2.08	2.3296	2.08	2.1216	2.184
Category C (not applicable with effect from April 1, 2017)		–	–	–	–	–	–	–	–	–
Category D (sale of the following whether payment is received by cheque or by any other mode) –
D1.	Motor vehicle of the value exceeding Rs. 10 lakh	1	1.04	1.144	1.196	1.04	1.1648	1.04	1.0608	1.092

For more info visit https://www.incometaxindia.gov.in

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