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TCS Rate Chart u/s 206C for F.Y. 2020-21 (A.Y: 2021-22)

Nature of paymenttcs rate (%)*tcs rate (%)**
Scrap 1 0.75
Tendu leaves 5 3.75
Timber obtained under a forest lease or other mode 2.5 1.875
Any other forest produce not being a timber or tendu leaves 2.5 1.875
Alcoholic liquor for human consumption and Indian made foreign liquor 1 1
Parking lot, toll plaza, mining and quarrying (other than mining and quarrying of mineral oil, petroleum and natural gas) 2 1.5
Minerals, being coal or lignite or iron ore 1 0.75
Sale of motor vehicle of the value exceeding Rs. 10 Lacs 1 0.75
Remittance out of India under the Liberalized Remittance Scheme of the RBI of the value exceeding 7 Lacs in a financial year (Applicable from 01.10.2020) – TCS will be charged on excess amount over 7 lacs N.A. 5
Sale of overseas tour programme package (Applicable from 01.10.2020) N.A. 5
Remittance out of India for education under the Liberalized Remittance Scheme of the RBI of the value exceeding 7 Lacs in a financial year (Applicable from 01.10.2020) – TCS will be charged on excess amount over 7 lacs N.A. 0.5
Sale of any goods (other than goods exported out of India or goods given in the above points) of the value exceeding 50 Lacs (Applicable from 01.10.2020) – TCS will be charged on excess amount over 50 lacs N.A. 0.075