What is TCS in Income Tax

Last updated at August 12, 2026 by

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What is TCS Full Form is Tax Collected at Source It is a Tax Collected on Certain Incomes Example Sales Made by A to B of 100000 Suppose TCS Rate is 1% B will Pay him 100000+1000 TCS Extra A will deposit 1000 with the Government Sale 1,00,000 Cheque 101000 A B 1000 TCS Deposit to Government teachoo.com Sale 1,00,000 Cheque 100000 A B If No TCS If TCS@ 1%

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CA Maninder Singh is a Chartered Accountant with 16+ years of practical experience and 20+ years of teaching experience. At Teachoo, he simplifies Accounts, Tax and GST with step-by-step examples so students can apply concepts confidently in exams and real life.

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