It is Higher of

  • Double of TCS Rate
  • 5%

Example

  • If TCS Rate is 1%, then in case of no Pan number, TCS Rate is 2% or 5% whichever is higher i.e. 5%
  • If TCS Rate is 2%, then in case of no Pan number, TCS Rate is 4% or 5% whichever is higher i.e 5%
  • If TCS Rate is 5%, then in case of no Pan number, TCS Rate is 10% or 5% whichever is higher i.e 10%
  1. Tax Practical
  2. Budget Amendments - Changes in 2017-18

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .