TCS is income tax that the dealer must collect from you, at 1% of the price, when a car costs more than Rs 10 lakh, and deposit against your PAN. It is not an extra cost if you file income tax returns: it appears in your tax credit statement and is set off against your tax or refunded.
See on-road prices, with registration, road tax and insurance included
Checked against this source on 18 Sep 2026. Every term