Tax reference pages · Tax Year 2026-27
TCS rate chart for the tax year 2026-27
A reference to tax collected at source (TCS): the categories, their 1961 Act and 2025 Act section codes, which codes are omitted, and how TCS shows up in your statements. Rates are not tabulated here; the official rate chart is linked.
On this page
Tax collected at source (TCS) is tax a seller collects from you at the time of certain sales or payments, such as a foreign remittance, a vehicle purchase or luxury goods. It is a credit against your tax, claimed in your return. This page lists the TCS categories and section codes for the tax year 2026-27, the first under the Income-tax Act, 2025. TaxCare does not hold TCS rates in its tables, so this page is a reference to the section codes and points you to the official rate chart for the rate.
The tax year 2026-27 rules in TaxCare are provisional and not signed off against the Income-tax Act, 2025 or the Finance Act 2026. For that reason this page gives no rate. Take the rate for your transaction from the official TCS rate chart on the Income Tax Department website (incometax.gov.in) or from the Income-tax Act, 2025 text at incometaxindia.gov.in.
The reference: category and section code
Under the 2025 Act, every TCS section becomes an entry of section 394(1). The columns below are from the department's own crosswalk. Rates are left to the official rate chart.
Category in AIS | Code under the 1961 Act | Location under the 2025 Act |
|---|---|---|
Business expenses | 206CA | 394(1) Table S.No. 1 |
Business expenses | 206CI | 394(1) Table S.No. 2 |
Business expenses | 206CB | 394(1) Table S.No. 3 (1070) |
Business expenses | 206CC | 394(1) Table S.No. 3 (1071) |
Business expenses | 206CD | 394(1) Table S.No. 3 |
Business expenses | 206CE | 394(1) Table S.No. 4 |
Business expenses | 206CJ | 394(1) Table S.No. 5 |
Business expenses | 206CF | 394(1) Table S.No. 9 (1090) |
Business expenses | 206CG | 394(1) Table S.No. 9 (1091) |
Business expenses | 206CH | 394(1) Table S.No. 9 (1092) |
Purchase of vehicle | 206CL | 394(1) Table S.No. 6.D(a) |
Outward foreign remittance or purchase of foreign currency | 206CT | 394(1) Table S.No. 7D(a) |
Outward foreign remittance or purchase of foreign currency | 206CQ | 394(1) Table S.No. 7D(b) |
Foreign travel | 206CO | 394(1) Table S.No. 8 |
Purchase of luxury goods | 206MA to 206MJ (ten codes) | 394(1) Table S.No. 6(b), codes 1076 to 1085 |
The department's table lists these codes only under the category "Business expenses". For the goods or services each code covers, see the official TCS rate chart.
Codes with no equivalent in the 2025 Act
The department's handbook marks five TCS codes as omitted:
Category | 1961 Act code | 2025 Act |
|---|---|---|
Business expenses | 206CR | Omitted |
Cash payments | 206CK | Omitted |
Cash payments | 206CM | Omitted |
Cash payments | 206CN | Omitted |
Outward foreign remittance or purchase of foreign currency | 206CP | Omitted |
These may still appear on statements for earlier tax years under the 1961 Act.
How TCS shows up for you
- Form 26AS for tax years up to 2025-26 and Form 168 from 2026-27 show TCS credits by collector and section.
- AIS has TCS rows in its first container section, keyed by the section code above.
- Tax credit is taken from Form 26AS or Form 168.
See what is Form 26AS and Form 26AS vs Form 168.
Forms the collector uses
The collector files a quarterly TCS statement and gives you a TCS certificate. In the department's crosswalk, the quarterly TCS statement is Form 27EQ under the 1962 Rules and Form 143 under the 2026 Rules. The TCS certificate is Form 27D and becomes Form 133.
Claiming TCS in your return
- Check the TCS in your statement against the collector's certificate.
- Enter it as tax collected at source against the return.
- It reduces your tax payable, or increases your refund.
The credit is available only to the extent it appears against your PAN. If it is missing, ask the collector to correct their TCS statement. The steps are like those for missing TDS. See TDS not showing in Form 26AS or Form 168.
TCS and the filing threshold
In TaxCare's rules, TDS and TCS together of ₹25,000 or more make a return required, or ₹50,000 for senior and super senior citizens.
This is the threshold in TaxCare's rule set for the tax year 2026-27, which is provisional.
See who must file an income tax return.
What this page does not cover
- Rates and thresholds for each category, including any different rate when the buyer has not furnished a PAN or has not filed returns. Use the official rate chart.
- Special cases such as foreign remittances under central bank schemes.
- Dates from which a rate applies in the tax year 2026-27.
How TaxCare helps
TaxCare fetches your Form 26AS or Form 168 and AIS and shows the TCS credit against your PAN. It takes the credit from the statement and sets it against your tax in the return. If a collector has not reported a TCS correctly, or you have a large foreign remittance, a Tax Expert can help. See Tax Experts and pricing.
This guide gives general information and is not professional tax advice.
Questions on this topic
What is TCS?
Tax collected at source: a seller collects tax from the buyer on certain sales or payments and deposits it with the government. The buyer gets credit for it.
Where do I see TCS against my PAN?
In Form 26AS (tax years up to 2025-26), Form 168 (from 2026-27) and the AIS.
Can I claim TCS in my return?
Yes, as a tax credit, based on what appears against your PAN.
Does TCS count towards the filing threshold?
In TaxCare's rules, TDS and TCS together of ₹25,000 (₹50,000 for senior citizens) make filing required.
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