Rates of Tax Collection at Source (TCS) for the Financial Year 2011-2012 - Income Tax - Ready Reckoner - Income Tax

Rates of Tax Collection at Source for the Financial Year 2011-2012 (Rates are inclusive of Surcharge, Education Cess and Secondary Higher Education Cess) Section Particulars Resident / Domestic Company Non / Resident / Foreign Company No Surcharge No E Cess In case of (a) non resident and (b) foreign company where payment is Rs. 1 cores or below Foreign company where payment is Above 1 crores 206C Alcoholic liquor for human consumption 1% 1.03% 1.0506% 206C Tendu leaves 5% 5.15% 5.253% 206C Timber obtained under a forest lease 2.5% 2.575% 2.6265% 206C Timber obtained by any more other than under a forest lease 2.5% 2.575% 2.6265% 206C Any other forest product (not being timber or tendu leaves) 2.5% 2.575% 2.6265% 206C Scrap 1% 1.03% 1.0506% 206C Packing lot, toll plaza, mining and quarrying 2% 2.06% 2.1012% ========================