Income after Tax on Slabs and rates on Benefit of Total Benefit Income after Tax on Slabs and rates on Benefit of Total Benefit Rebate benefit benefit rebate Slabs and rates of Benefit Benefit Rate /Slab Full upto Rs 12 lacs upto Rs 12 lacs upto Rs 12 lacs upto Rs 12 Present Proposed /Slab lacs 20,000 8 lac lac 10,000 20,000 30,000 0 30,000 30,000 9 lac lac 10,000 30,000 40,000 0 40,000 40,000 10 lac lac 10,000 40,000 50,000 0 50,000 50,000 11 lac lac 15,000 50,000 65,000 0 65,000 60,000 12 lac lac 20,000 60,000 80,000 0 80,000 1,20,000 1,20,000 16 lac lac 50,000 0 50,000 1,70,000 2,00,000 2,00,000 20 lac 90,000 0 90,000 2,90,000 3,00,000 3,00,000 24 lac lac 1,10,000 0 1,10,000 4,10,000 50 lac lac 11,90,000 10,80,000 1,10,000 0 1,10,000 10,80,000	Income after Tax on Slabs and rates on Benefit of Total Benefit Income after Tax on Slabs and rates on Benefit of Total Benefit Rebate benefit benefit rebate Slabs and rates of Benefit Benefit Rate /Slab Full upto Rs 12 lacs upto Rs 12 lacs upto Rs 12 lacs upto Rs 12 Present Proposed /Slab lacs 20,000 8 lac lac 10,000 20,000 30,000 0 30,000 30,000 9 lac lac 10,000 30,000 40,000 0 40,000 40,000 10 lac lac 10,000 40,000 50,000 0 50,000 50,000 11 lac lac 15,000 50,000 65,000 0 65,000 60,000 12 lac lac 20,000 60,000 80,000 0 80,000 1,20,000 1,20,000 16 lac lac 50,000 0 50,000 1,70,000 2,00,000 2,00,000 20 lac 90,000 0 90,000 2,90,000 3,00,000 3,00,000 24 lac lac 1,10,000 0 1,10,000 4,10,000 50 lac lac 11,90,000 10,80,000 1,10,000 0 1,10,000 10,80,000 3,00,000 3,00,000 50,000	Tax on Slabs and rates	Benefit of	Rebate benefit	Total Benefit	Tax after rebate Benefit
Present	Proposed	Proposed	Rate /Slab	Full upto Rs 12 lacs
8 lac	Income after Tax on Slabs and rates on Benefit of Total Benefit Income after Tax on Slabs and rates on Benefit of Total Benefit Rebate benefit benefit rebate Slabs and rates of Benefit Benefit Rate /Slab Full upto Rs 12 lacs upto Rs 12 lacs upto Rs 12 lacs upto Rs 12 Present Proposed /Slab lacs 20,000 8 lac lac 10,000 20,000 30,000 0 30,000 30,000 9 lac lac 10,000 30,000 40,000 0 40,000 40,000 10 lac lac 10,000 40,000 50,000 0 50,000 50,000 11 lac lac 15,000 50,000 65,000 0 65,000 60,000 12 lac lac 20,000 60,000 80,000 0 80,000 1,20,000 1,20,000 16 lac lac 50,000 0 50,000 1,70,000 2,00,000 2,00,000 20 lac 90,000 0 90,000 2,90,000 3,00,000 3,00,000 24 lac lac 1,10,000 0 1,10,000 4,10,000 50 lac lac 11,90,000 10,80,000 1,10,000 0 1,10,000 10,80,000 3,00,000 3,00,000 50,000 20 lac 10,000 80,000 30,000	20,000	10,000	20,000	30,000	0
9 lac	40,000	30,000	Income after Tax on Slabs and rates on Benefit of Total Benefit Income after Tax on Slabs and rates on Benefit of Total Benefit Rebate benefit benefit rebate Slabs and rates of Benefit Benefit Rate /Slab Full upto Rs 12 lacs upto Rs 12 lacs upto Rs 12 lacs upto Rs 12 Present Proposed /Slab lacs 20,000 8 lac lac 10,000 20,000 30,000 0 30,000 30,000 9 lac lac 10,000 30,000 40,000 0 40,000 40,000 10 lac lac 10,000 40,000 50,000 0 50,000 50,000 11 lac lac 15,000 50,000 65,000 0 65,000 60,000 12 lac lac 20,000 60,000 80,000 0 80,000 1,20,000 1,20,000 16 lac lac 50,000 0 50,000 1,70,000 2,00,000 2,00,000 20 lac 90,000 0 90,000 2,90,000 3,00,000 3,00,000 24 lac lac 1,10,000 0 1,10,000 4,10,000 50 lac lac 11,90,000 10,80,000 1,10,000 0 1,10,000 10,80,000 3,00,000 3,00,000 50,000 20 lac 10,000	30,000	40,000	0
10 lac	50,000	40,000	10,000	40,000	Income after Tax on Slabs and rates on Benefit of Total Benefit Income after Tax on Slabs and rates on Benefit of Total Benefit Rebate benefit benefit rebate Slabs and rates of Benefit Benefit Rate /Slab Full upto Rs 12 lacs upto Rs 12 lacs upto Rs 12 lacs upto Rs 12 Present Proposed /Slab lacs 20,000 8 lac lac 10,000 20,000 30,000 0 30,000 30,000 9 lac lac 10,000 30,000 40,000 0 40,000 40,000 10 lac lac 10,000 40,000 50,000 0 50,000 50,000 11 lac lac 15,000 50,000 65,000 0 65,000 60,000 12 lac lac 20,000 60,000 80,000 0 80,000 1,20,000 1,20,000 16 lac lac 50,000 0 50,000 1,70,000 2,00,000 2,00,000 20 lac 90,000 0 90,000 2,90,000 3,00,000 3,00,000 24 lac lac 1,10,000 0 1,10,000 4,10,000 50 lac lac 11,90,000 10,80,000 1,10,000 0 1,10,000 10,80,000 3,00,000 3,00,000 50,000	0
11 lac	65,000	50,000	50,000	50,000	15,000	50,000	50,000	50,000	65,000	65,000	0
12 lac	80,000	60,000	20,000	60,000	Income after Tax on Slabs and rates on Benefit of Total Benefit Income after Tax on Slabs and rates on Benefit of Total Benefit Rebate benefit benefit rebate Slabs and rates of Benefit Benefit Rate /Slab Full upto Rs 12 lacs upto Rs 12 lacs upto Rs 12 lacs upto Rs 12 Present Proposed /Slab lacs 20,000 8 lac lac 10,000 20,000 30,000 0 30,000 30,000 9 lac lac 10,000 30,000 40,000 0 40,000 40,000 10 lac lac 10,000 40,000 50,000 0 50,000 50,000 11 lac lac 15,000 50,000 65,000 0 65,000 60,000 12 lac lac 20,000 60,000 80,000 0 80,000 1,20,000 1,20,000 16 lac lac 50,000 0 50,000 1,70,000 2,00,000 2,00,000 20 lac 90,000 0 90,000 2,90,000 3,00,000 3,00,000 24 lac lac 1,10,000 0 1,10,000 4,10,000 50 lac lac 11,90,000 10,80,000 1,10,000 0 1,10,000 10,80,000 3,00,000 3,00,000 50,000 20 lac 10,000 80,000	0
16 lac	1,70,000	1,20,000	50,000	0	50,000	1,20,000
Income after Tax on Slabs and rates on Benefit of Total Benefit Income after Tax on Slabs and rates on Benefit of Total Benefit Rebate benefit benefit rebate Slabs and rates of Benefit Benefit Rate /Slab Full upto Rs 12 lacs upto Rs 12 lacs upto Rs 12 lacs upto Rs 12 Present Proposed /Slab lacs 20,000 8 lac lac 10,000 20,000 30,000 0 30,000 30,000 9 lac lac 10,000 30,000 40,000 0 40,000 40,000 10 lac lac 10,000 40,000 50,000 0 50,000 50,000 11 lac lac 15,000 50,000 65,000 0 65,000 60,000 12 lac lac 20,000 60,000 80,000 0 80,000 1,20,000 1,20,000 16 lac lac 50,000 0 50,000 1,70,000 2,00,000 2,00,000 20 lac 90,000 0 90,000 2,90,000 3,00,000 3,00,000 24 lac lac 1,10,000 0 1,10,000 4,10,000 50 lac lac 11,90,000 10,80,000 1,10,000 0 1,10,000 10,80,000 3,00,000 3,00,000 50,000 20 lac	2,90,000	2,00,000	90,000	0	90,000	2,00,000
24 lac	4,10,000	Income after Tax on Slabs and rates on Benefit of Total Benefit Income after Tax on Slabs and rates on Benefit of Total Benefit Rebate benefit benefit rebate Slabs and rates of Benefit Benefit Rate /Slab Full upto Rs 12 lacs upto Rs 12 lacs upto Rs 12 lacs upto Rs 12 Present Proposed /Slab lacs 20,000 8 lac lac 10,000 20,000 30,000 0 30,000 30,000 9 lac lac 10,000 30,000 40,000 0 40,000 40,000 10 lac lac 10,000 40,000 50,000 0 50,000 50,000 11 lac lac 15,000 50,000 65,000 0 65,000 60,000 12 lac lac 20,000 60,000 80,000 0 80,000 1,20,000 1,20,000 16 lac lac 50,000 0 50,000 1,70,000 2,00,000 2,00,000 20 lac 90,000 0 90,000 2,90,000 3,00,000 3,00,000 24 lac lac 1,10,000 0 1,10,000 4,10,000 50 lac lac 11,90,000 10,80,000 1,10,000 0 1,10,000 10,80,000 3,00,000 3,00,000	3,00,000	Income after Tax on Slabs and rates on Benefit of Total Benefit Income after Tax on Slabs and rates on Benefit of Total Benefit Rebate benefit benefit rebate Slabs and rates of Benefit Benefit Rate /Slab Full upto Rs 12 lacs upto Rs 12 lacs upto Rs 12 lacs upto Rs 12 Present Proposed /Slab lacs 20,000 8 lac lac 10,000 20,000 30,000 0 30,000 30,000 9 lac lac 10,000 30,000 40,000 0 40,000 40,000 10 lac lac 10,000 40,000 50,000 0 50,000 50,000 11 lac lac 15,000 50,000 65,000 0 65,000 60,000 12 lac lac 20,000 60,000 80,000 0 80,000 1,20,000 1,20,000 16 lac lac 50,000 0 50,000 1,70,000 2,00,000 2,00,000 20 lac 90,000 0 90,000 2,90,000 3,00,000 3,00,000 24 lac lac 1,10,000 0 1,10,000 4,10,000 50 lac lac 11,90,000 10,80,000 1,10,000 0 1,10,000 10,80,000 3,00,000	1,10,000	0	0	0	1,10,000	1,10,000	3,00,000
50 lac	11,90,000	10,80,000	1,10,000	0	1,10,000	10,80,000
(ii) Rationalization of TDS/TCS for easing difficulties
1. Rationalization tax deducted at source (TDS) and tax collected at source (TCS) rates: To reduce multiplicity of rates and compliance burden, it is proposed • to bring down certain TDS and TCS rates in certain sections as below: No Section of the Act Present TDS/TCS Proposed TDS/TCS Rate Rate 1. Section 194LBC - Income in 25% if payee is 10% respect of investment in Individual or HUF and securitization trust 30% otherwise 2. Sub-section (1) of section 206C 2.5% 2% (i) TCS on timber or any other forest produce (not being tendu leaves) obtained under a forest lease and (ii) TCS on timber obtained by any mode other than under a forest lease 3. Sub-section (1G) of section Nil 0.5% after ` 7 lakhs after ` 7 lakhs 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution
1. Rationalization tax deducted at source (TDS) and tax collected at source (TCS) rates: To reduce multiplicity of rates and compliance burden, it is proposed • to bring down certain TDS and TCS rates in certain sections as below: No Section of the Act Present TDS/TCS Proposed TDS/TCS Rate Rate 1. Section 194LBC - Income in 25% if payee is 10% respect of investment in Individual or HUF and securitization trust 30% otherwise 2. Sub-section (1) of section 206C 2.5% 2% (i) TCS on timber or any other forest produce (not being tendu leaves) obtained under a forest lease and (ii) TCS on timber obtained by any mode other than under a forest lease 3. Sub-section (1G) of section Nil 0.5% after ` 7 lakhs after ` 7 lakhs 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution Sub-section (1G) of section 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution 25% if payee is Individual or HUF and 30% otherwise 3. Section 194LBC - Income in respect of investment in securitization trust 2% 1. 2.5% Proposed TDS/TCS Rate Sub-section (1) of section 206C (i) TCS on timber or any other forest produce (not being tendu leaves) obtained under a forest lease and (ii) TCS on timber obtained by any mode other than under a forest lease Present TDS/TCS Rate 2. Section of the Act 10% No	1. Rationalization tax deducted at source (TDS) and tax collected at source (TCS) rates: To reduce multiplicity of rates and compliance burden, it is proposed • to bring down certain TDS and TCS rates in certain sections as below: No Section of the Act Present TDS/TCS Proposed TDS/TCS Rate Rate 1. Section 194LBC - Income in 25% if payee is 10% respect of investment in Individual or HUF and securitization trust 30% otherwise 2. Sub-section (1) of section 206C 2.5% 2% (i) TCS on timber or any other forest produce (not being tendu leaves) obtained under a forest lease and (ii) TCS on timber obtained by any mode other than under a forest lease 3. Sub-section (1G) of section Nil 0.5% after ` 7 lakhs after ` 7 lakhs 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution Sub-section (1G) of section 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution 25% if payee is Individual or HUF and 30% otherwise 3. Section 194LBC - Income in respect of investment in securitization trust 2% 1. 2.5% Proposed TDS/TCS Rate Sub-section (1) of section 206C (i) TCS on timber or any other forest produce (not being tendu leaves) obtained under a forest lease and (ii) TCS on timber obtained by any mode other than under a forest lease Present TDS/TCS Rate 2. Section of the Act	1. Rationalization tax deducted at source (TDS) and tax collected at source (TCS) rates: To reduce multiplicity of rates and compliance burden, it is proposed • to bring down certain TDS and TCS rates in certain sections as below: No Section of the Act Present TDS/TCS Proposed TDS/TCS Rate Rate 1. Section 194LBC - Income in 25% if payee is 10% respect of investment in Individual or HUF and securitization trust 30% otherwise 2. Sub-section (1) of section 206C 2.5% 2% (i) TCS on timber or any other forest produce (not being tendu leaves) obtained under a forest lease and (ii) TCS on timber obtained by any mode other than under a forest lease 3. Sub-section (1G) of section Nil 0.5% after ` 7 lakhs after ` 7 lakhs 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution Sub-section (1G) of section 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution 25% if payee is Individual or HUF and 30% otherwise 3. Section 194LBC - Income in respect of investment in securitization trust 2% 1. 2.5% Proposed TDS/TCS Rate Sub-section (1) of section 206C (i) TCS on timber or any other forest produce (not being tendu leaves) obtained under a forest lease and (ii) TCS on timber obtained by any mode other than under a forest lease Present TDS/TCS Rate	1. Rationalization tax deducted at source (TDS) and tax collected at source (TCS) rates: To reduce multiplicity of rates and compliance burden, it is proposed • to bring down certain TDS and TCS rates in certain sections as below: No Section of the Act Present TDS/TCS Proposed TDS/TCS Rate Rate 1. Section 194LBC - Income in 25% if payee is 10% respect of investment in Individual or HUF and securitization trust 30% otherwise 2. Sub-section (1) of section 206C 2.5% 2% (i) TCS on timber or any other forest produce (not being tendu leaves) obtained under a forest lease and (ii) TCS on timber obtained by any mode other than under a forest lease 3. Sub-section (1G) of section Nil 0.5% after ` 7 lakhs after ` 7 lakhs 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution Sub-section (1G) of section 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution 25% if payee is Individual or HUF and 30% otherwise 3. Section 194LBC - Income in respect of investment in securitization trust 2% 1. 2.5% Proposed TDS/TCS Rate
1. Rationalization tax deducted at source (TDS) and tax collected at source (TCS) rates: To reduce multiplicity of rates and compliance burden, it is proposed • to bring down certain TDS and TCS rates in certain sections as below: No Section of the Act Present TDS/TCS Proposed TDS/TCS Rate Rate 1. Section 194LBC - Income in 25% if payee is 10% respect of investment in Individual or HUF and securitization trust 30% otherwise 2. Sub-section (1) of section 206C 2.5% 2% (i) TCS on timber or any other forest produce (not being tendu leaves) obtained under a forest lease and (ii) TCS on timber obtained by any mode other than under a forest lease 3. Sub-section (1G) of section Nil 0.5% after ` 7 lakhs after ` 7 lakhs 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution Sub-section (1G) of section 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution 25% if payee is Individual or HUF and 30% otherwise 3. Section 194LBC - Income in respect of investment in securitization trust 2% 1.	1. Rationalization tax deducted at source (TDS) and tax collected at source (TCS) rates: To reduce multiplicity of rates and compliance burden, it is proposed • to bring down certain TDS and TCS rates in certain sections as below: No Section of the Act Present TDS/TCS Proposed TDS/TCS Rate Rate 1. Section 194LBC - Income in 25% if payee is 10% respect of investment in Individual or HUF and securitization trust 30% otherwise 2. Sub-section (1) of section 206C 2.5% 2% (i) TCS on timber or any other forest produce (not being tendu leaves) obtained under a forest lease and (ii) TCS on timber obtained by any mode other than under a forest lease 3. Sub-section (1G) of section Nil 0.5% after ` 7 lakhs after ` 7 lakhs 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution Sub-section (1G) of section 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution 25% if payee is Individual or HUF and 30% otherwise 3. Section 194LBC - Income in respect of investment in securitization trust	1. Rationalization tax deducted at source (TDS) and tax collected at source (TCS) rates: To reduce multiplicity of rates and compliance burden, it is proposed • to bring down certain TDS and TCS rates in certain sections as below: No Section of the Act Present TDS/TCS Proposed TDS/TCS Rate Rate 1. Section 194LBC - Income in 25% if payee is 10% respect of investment in Individual or HUF and securitization trust 30% otherwise 2. Sub-section (1) of section 206C 2.5% 2% (i) TCS on timber or any other forest produce (not being tendu leaves) obtained under a forest lease and (ii) TCS on timber obtained by any mode other than under a forest lease 3. Sub-section (1G) of section Nil 0.5% after ` 7 lakhs after ` 7 lakhs 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution Sub-section (1G) of section 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution 25% if payee is Individual or HUF and 30% otherwise	1. Rationalization tax deducted at source (TDS) and tax collected at source (TCS) rates: To reduce multiplicity of rates and compliance burden, it is proposed • to bring down certain TDS and TCS rates in certain sections as below: No Section of the Act Present TDS/TCS Proposed TDS/TCS Rate Rate 1. Section 194LBC - Income in 25% if payee is 10% respect of investment in Individual or HUF and securitization trust 30% otherwise 2. Sub-section (1) of section 206C 2.5% 2% (i) TCS on timber or any other forest produce (not being tendu leaves) obtained under a forest lease and (ii) TCS on timber obtained by any mode other than under a forest lease 3. Sub-section (1G) of section Nil 0.5% after ` 7 lakhs after ` 7 lakhs 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution Sub-section (1G) of section 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution 25% if payee is Individual or HUF and 30% otherwise 3. Section 194LBC - Income in respect of investment in securitization trust 2% 1. 2.5% Proposed TDS/TCS Rate Sub-section (1) of section 206C (i) TCS on timber or any other forest produce (not being tendu leaves) obtained under a forest lease and (ii) TCS on timber obtained by any mode other than under a forest lease Present TDS/TCS Rate 2. Section of the Act 10%
1. Rationalization tax deducted at source (TDS) and tax collected at source (TCS) rates: To reduce multiplicity of rates and compliance burden, it is proposed • to bring down certain TDS and TCS rates in certain sections as below: No Section of the Act Present TDS/TCS Proposed TDS/TCS Rate Rate 1. Section 194LBC - Income in 25% if payee is 10% respect of investment in Individual or HUF and securitization trust 30% otherwise 2. Sub-section (1) of section 206C 2.5% 2% (i) TCS on timber or any other forest produce (not being tendu leaves) obtained under a forest lease and (ii) TCS on timber obtained by any mode other than under a forest lease 3. Sub-section (1G) of section Nil 0.5% after ` 7 lakhs after ` 7 lakhs 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution Sub-section (1G) of section 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution 25% if payee is Individual or HUF and 30% otherwise 3. Section 194LBC - Income in respect of investment in securitization trust 2% 1. 2.5% Proposed TDS/TCS Rate Sub-section (1) of section 206C (i) TCS on timber or any other forest produce (not being tendu leaves) obtained under a forest lease and (ii) TCS on timber obtained by any mode other than under a forest lease Present TDS/TCS Rate 2.	1. Rationalization tax deducted at source (TDS) and tax collected at source (TCS) rates: To reduce multiplicity of rates and compliance burden, it is proposed • to bring down certain TDS and TCS rates in certain sections as below: No Section of the Act Present TDS/TCS Proposed TDS/TCS Rate Rate 1. Section 194LBC - Income in 25% if payee is 10% respect of investment in Individual or HUF and securitization trust 30% otherwise 2. Sub-section (1) of section 206C 2.5% 2% (i) TCS on timber or any other forest produce (not being tendu leaves) obtained under a forest lease and (ii) TCS on timber obtained by any mode other than under a forest lease 3. Sub-section (1G) of section Nil 0.5% after ` 7 lakhs after ` 7 lakhs 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution Sub-section (1G) of section 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution 25% if payee is Individual or HUF and 30% otherwise 3. Section 194LBC - Income in respect of investment in securitization trust 2% 1. 2.5% Proposed TDS/TCS Rate Sub-section (1) of section 206C (i) TCS on timber or any other forest produce (not being tendu leaves) obtained under a forest lease and (ii) TCS on timber obtained by any mode other than under a forest lease	1. Rationalization tax deducted at source (TDS) and tax collected at source (TCS) rates: To reduce multiplicity of rates and compliance burden, it is proposed • to bring down certain TDS and TCS rates in certain sections as below: No Section of the Act Present TDS/TCS Proposed TDS/TCS Rate Rate 1. Section 194LBC - Income in 25% if payee is 10% respect of investment in Individual or HUF and securitization trust 30% otherwise 2. Sub-section (1) of section 206C 2.5% 2% (i) TCS on timber or any other forest produce (not being tendu leaves) obtained under a forest lease and (ii) TCS on timber obtained by any mode other than under a forest lease 3. Sub-section (1G) of section Nil 0.5% after ` 7 lakhs after ` 7 lakhs 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution Sub-section (1G) of section 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution 25% if payee is Individual or HUF and 30% otherwise 3. Section 194LBC - Income in respect of investment in securitization trust 2% 1. 2.5%	1. Rationalization tax deducted at source (TDS) and tax collected at source (TCS) rates: To reduce multiplicity of rates and compliance burden, it is proposed • to bring down certain TDS and TCS rates in certain sections as below: No Section of the Act Present TDS/TCS Proposed TDS/TCS Rate Rate 1. Section 194LBC - Income in 25% if payee is 10% respect of investment in Individual or HUF and securitization trust 30% otherwise 2. Sub-section (1) of section 206C 2.5% 2% (i) TCS on timber or any other forest produce (not being tendu leaves) obtained under a forest lease and (ii) TCS on timber obtained by any mode other than under a forest lease 3. Sub-section (1G) of section Nil 0.5% after ` 7 lakhs after ` 7 lakhs 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution Sub-section (1G) of section 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution 25% if payee is Individual or HUF and 30% otherwise 3. Section 194LBC - Income in respect of investment in securitization trust 2%
1. Rationalization tax deducted at source (TDS) and tax collected at source (TCS) rates: To reduce multiplicity of rates and compliance burden, it is proposed • to bring down certain TDS and TCS rates in certain sections as below: No Section of the Act Present TDS/TCS Proposed TDS/TCS Rate Rate 1. Section 194LBC - Income in 25% if payee is 10% respect of investment in Individual or HUF and securitization trust 30% otherwise 2. Sub-section (1) of section 206C 2.5% 2% (i) TCS on timber or any other forest produce (not being tendu leaves) obtained under a forest lease and (ii) TCS on timber obtained by any mode other than under a forest lease 3. Sub-section (1G) of section Nil 0.5% after ` 7 lakhs after ` 7 lakhs 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution Sub-section (1G) of section 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution 25% if payee is Individual or HUF and 30% otherwise 3.	1. Rationalization tax deducted at source (TDS) and tax collected at source (TCS) rates: To reduce multiplicity of rates and compliance burden, it is proposed • to bring down certain TDS and TCS rates in certain sections as below: No Section of the Act Present TDS/TCS Proposed TDS/TCS Rate Rate 1. Section 194LBC - Income in 25% if payee is 10% respect of investment in Individual or HUF and securitization trust 30% otherwise 2. Sub-section (1) of section 206C 2.5% 2% (i) TCS on timber or any other forest produce (not being tendu leaves) obtained under a forest lease and (ii) TCS on timber obtained by any mode other than under a forest lease 3. Sub-section (1G) of section Nil 0.5% after ` 7 lakhs after ` 7 lakhs 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution Sub-section (1G) of section 206C - TCS on remittance under LRS for purpose of education, financed by loan from financial institution	0.5% after ` 7 lakhs	Nil