Tax collected at source on transactions. The TCS Calculator takes transaction amount, tcs rate and returns tcs collected plus total payable including tcs, rate applied. Results update as you type, and the formula is shown under the result so you can repeat it in your own spreadsheet.
Indian tax rules change with each Finance Act and GST Council meeting. The rates here follow the current published rules, but confirm the figures on the official portals or with a chartered accountant before filing or invoicing. Use the worked example below to check the maths against your own figures.
How the TCS Calculator works
Tax collected at source is added to the bill by the seller or bank and credited to the buyer's tax account. Thresholds (₹7 lakh for LRS, ₹10 lakh for vehicles, ₹50 lakh for goods) determine whether TCS applies at all.
Worked example
With the example values (transaction amount of ₹1,000,000, tcs rate "1% – motor vehicle above ₹10 lakh; sale of goods above ₹50 lakh (0.1%) – see note"), the tcs collected is ₹10,000.00; total payable including tcs ₹1,010,000.00, rate applied 1%. Change any figure above and the result updates immediately; use Copy results to paste the summary into a note or email.
Assumptions and limits: Threshold logic is not applied automatically; enter the amount above the threshold where the rule says so.
Related Calculators
Frequently Asked Questions
How is tcs collected calculated?
TCS = transaction amount × rate.
Which figures do I need?
Transaction amount, tcs rate. Take them from the same period and the same set of accounts or reports so the ratio is consistent, and check the example values as a guide to the units expected.
Are the rates current?
The calculator uses the rates and rules published for the current financial year and shows them under the result. Rates change with each Budget and GST Council decision, so verify on the official portal before filing.
What assumptions does this calculator make?
Threshold logic is not applied automatically; enter the amount above the threshold where the rule says so.
