TCS WORKING SHEET
Historical rule, up to 31 March 2025
1SELLER AND BUYER
Seller: Delta Chemicals Pvt Ltd
Buyer: Pioneer Distributors Pvt Ltd
2RECEIPTS SO FAR
Received before this sale: INR 50,00,000
3NEW INVOICE
Invoice DC/24/0771: INR 20,00,000
4THRESHOLD TEST
Receipts above INR 50 lakh in the year: INR 20,00,000
5RATE
0.1 percent if the buyer did not deduct under 194Q
6TCS COLLECTED
INR 20,00,000 x 0.1 percent = INR 2,000
7STATUS NOW
Not applicable for sales from 1 April 2025
Sample for illustration. Company names, numbers, tax registrations and bank details are fictional.