Income-tax Act 2025

TCS rate chart, FY 2026-27.

Every collection serial in the section 394 Table of the Income-tax Act, 2025, with the rate and threshold as enacted, the 1961 sub-section of 206C it replaces, and the page of the Act.

Read from the enacted text of the Income-tax Act, 2025 [30 of 2025], as amended by the Finance Act, 2026. The Income-tax Act, 2025 is in force from 1 April 2026 and applies from FY 2026-27.

Section 394

Tax collected at source

9 serials

1961	2025 citation	Payment	Who collects	Rate	Threshold	Act page
206C(1)	s.394 [Table: Sl. No. 1]	Sale of alcoholic liquor for human consumption	Seller	2%	—	p. 492
206C(1)	s.394 [Table: Sl. No. 2]	Sale of tendu leaves	Seller	2%	—	p. 492
206C(1)	s.394 [Table: Sl. No. 3]	Sale of timber, or any other forest produce obtained under a forest lease	Seller	2%	—	p. 492
206C(1)	s.394 [Table: Sl. No. 4]	Sale of scrap	Seller	2%	—	p. 492
206C(1)	s.394 [Table: Sl. No. 5]	Sale of minerals, being coal or lignite or iron ore	Seller	2%	—	p. 493
206C(1F)	s.394 [Table: Sl. No. 6]	Sale consideration exceeding ₹10,00,000 for a motor vehicle or other notified goods	Seller	1%	₹10,00,000	p. 493
206C(1G)	s.394 [Table: Sl. No. 7]	Remittance under the Liberalised Remittance Scheme exceeding ₹10,00,000	Authorised dealer	2% for the purposes of education or medical treatment;20% for other purposes	₹10,00,000	p. 493
206C(1G)	s.394 [Table: Sl. No. 8]	Sale of an overseas tour programme package	Seller	2%	None stated in the Table	p. 493
206C(1C)	s.394 [Table: Sl. No. 9]	Use of a parking lot, toll plaza, mine or quarry for business, excluding mineral oil	Licensor or Lessor	2%	—	p. 493

Sections 394 and 397

The section, and collecting without a PAN

2 provisions

1961	2025 section	What it covers	Act page
206CC	section 397(2)(b)(ii)	No PAN - collect at the higher of twice the rate specified in the relevant provision or 5%, not exceeding 20%	p. 497
206C	section 394	Collection of tax at source - the whole TCS section; cite a Table serial where the item is known	p. 492

Read this first

No successor

1 provision

206C(1H) TCS on the sale of goods has no row in the s.394 Table. The transaction is covered by TDS under s.393(1) [Table: Sl. No. 8(ii)] (old 194Q). Retire 206C(1H) for FY 2026-27 rather than remapping it.