TCS Rate if No Pan No Given

Last updated at Dec. 16, 2024 by

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%
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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.