Archive · 6 Dec 2025
1% TCS on Cars Over ₹10 Lakh
When you buy a car in India that costs more than ₹10 lakh, the seller has to take 1% of the price and give it to the government.
This is called TCS.
Later, you can ask the government to give you back this money if you are eligible for an income tax refund.
It's like a small fee you pay when buying an expensive car, but you can get it back if you qualify.
1% TCS is applicable on car purchases over ₹10 lakh.
The seller must collect and deposit TCS with the government.
TCS is part of income tax regulations.
Buyers can claim TCS as an income tax refund.
The process ensures compliance with tax laws.
- Who
- Car buyers and sellers
- What
- 1% TCS on car purchases over ₹10 lakh
- When
- At the time of purchase
- Where
- India
- Why
- As per income tax regulations
- TCS Rate
- 1%
- Applicable Car Price
- Over ₹10 lakh
- Purpose of TCS
- Deposited with government as per income tax regulations
- Claimable
- Yes, as income tax refund