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of <h1>TCS Rates for 2016-2017: Applicable to Goods and Services Based on Product Type and Taxpayer Category</h1> The rates of Tax Collection at Source (TCS) for the financial year 2016-2017, applicable to various goods and services. The rates vary based on the nature of the product and the type of taxpayer, including resident/domestic companies, non-resident non-corporate persons, and foreign companies. Products include alcoholic liquor, tendu leaves, timber, forest products, scrap, minerals, bullion, jewellery, and motor vehicles. Rates are specified for transactions not exceeding 1 crore, exceeding 1 crore but not exceeding 10 crores, and exceeding 10 crores, inclusive of surcharge and education cess.
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