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<h1>New TCS Rates for 2022-23: Key Updates on Alcohol, Timber, Vehicles, and Foreign Remittances Under Sections 206CC & 206CCA.</h1> The the rates of Tax Collection at Source (TCS) for the financial year 2022-23, inclusive of surcharges and cesses. Various items and transactions such as alcoholic liquor, tendu leaves, timber, scrap, minerals, and motor vehicle sales have specific TCS rates ranging from 0.1% to 5%. For foreign remittances exceeding Rs. 7 lakh, a rate of 0.5% or 5% applies. Surcharge rates vary based on income levels and entity types. Additionally, higher TCS rates apply under sections 206CC and 206CCA for non-furnishing of PAN or non-filing of income tax returns.