Rates of Tax Collection at Source for the Financial Year 2025-26

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....forest lease 2% [ From 01.04.2025 ] 5% 5 206C(1) Any other forest produce not being timber or tendu leaves 2.5% [ Omitted from 01.04.2025 ] 5% 6 206C(1) Scrap 1% 5% 7 206C(1) Minerals, being coal or lignite or iron ore [w.e.f. 1.7.2012] 1% 5% 8 206C(1C) Lease or license of Parking lot, toll plaza, mining & quarrying 2% 5% 9 206C(1F) Upto 31.12.2024 - Sale Value of Motor Vehicle whether in cheque or in any other mode of receipt From 01.01.2025 - Sale Value of Motor Vehicle or any other goods (specified by the Central Government by notification) whether in cheque or in any other mode of receipt. [ Sub....

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....10 lakh LRS for other purposes Nil upto Rs 7 lakh 5% above Rs 7 lakh Nil upto Rs 7 lakh 20% above Rs 7 lakh Nil upto Rs 10 lakh 20% above Rs 10 lakh Purchase of Overseas tour program package 5% (without threshold) 5% till Rs 7 lakh, 20% thereafter 5% till Rs 10 lakh, 20% thereafter Note 1: TCS Rates on Non Furnishing of PAN u/s. 206CC • As per section 206CC, notwithstanding anything contained in any other provisions of this Act, any person paying any sum or amount, on which tax is collectible at source under Chapter XVII-BB (herein referred to as collectee) shall furnish his Permanent Account Number to the person responsible for collecting such....

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....ished the return of income for assessment year relevant to the previous year immediately preceeding the financial year in which tax is required to be deducted, for which the time limit for furnishing return of Income u/s 139(1) has expired and aggregate of TDS/TCS in his case is Rs. 50,000/- or more in said previous year. • [Provided that the specified person shall not include- • (i) a non-resident who does not have a permanent establishment in India; or • (ii) a person who is not required to furnish the return of income for the assessment year relevant to the said previous year and is notified by the Central Government in the Official Gazette in this behalf. (Amended vide FA 2023) ....

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....erson referred to in sub-clause (vii) of clause (31) of section 2, where the income or the aggregate of such incomes paid or likely to be paid and subject to the deduction exceeds Rs. 50 lakh but does not exceed  Rs. 1 crore  10% where the income or the aggregate of such incomes paid or likely to be paid and subject to the deduction exceeds Rs. 1 crore but does not exceed Rs. 2 crore  15% where the income or the aggregate of such incomes paid or likely to be paid and subject to the deduction exceeds Rs. 2 crore but does not exceed Rs. 5 crore 25% where the income or the aggregate of such incomes paid or likely to be paid and subject to the deducti....