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    <title>Rate of Tax Collection at Source for the Financial Year 2020-21</title>
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    <description>Tax Collection at Source (TCS) rates for the financial year 2020-21 specify withholding percentages for designated receipts including alcoholic liquor, tendu leaves, timber and other forest products, scrap, certain minerals, leases/licenses of parking and toll plazas, sale of motor vehicles, foreign remittances under the Liberalised Remittance Scheme (with distinct rates for education loan funded and other remittances effective 01.10.2020), sale of overseas tour packages, and sale of goods meeting specified turnover and value thresholds (effective 01.10.2020); the schedule lists statutory sections and effective dates where applicable. A graduated surcharge applies to nonresident taxpayers and a four percent health and education cess is levied on income tax.</description>
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    <pubDate>Mon, 09 Jan 2023 17:23:00 +0530</pubDate>
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