TCS means Tax Collection Source that have to collect from
others who have deducted the tds.

Rates of TDS & TCS are same. 
There are different categoric like
sub-contractor,contractor,rental, professional,
consultant...etc for each category rates are different.Rates
are divided category wise for both tds & tcs.

tds is tax deducted source tcs tax collected source. here 
the income more than the tax limits that will deducted by 
the employer that will be called tax collected at source 
inthe books of the organisation.

The difference between between T.D.S & T.C.S are t.d.s means
tax deducted at source  and it will be leivied when it 
crosses income limit and it will be deducted at source

T.c.s means tax collected at source when we are making any
payment to contractor the tax amout will be deducted at 
source and remaining payment will be made this can be 
regarded as t.c.s

hope that the rates for both remains same

TDS means Tax Deducted at Source
TCS means Tax Collected at Source
In case of certain income, tax is deducted at source by the 
payer at the prescribed rates either at the point of 
accrual or payment of such income. On same lines tax is 
collected at source by the seller from buyer/ licensee/ 
lessee at the time of debiting the amount to the account of 
such buyer/ licensee/ lessee or the receipt of the payment 
whichever is earlier.
The tax rates of TDS and TCS will be the same according to 
the Prescribed rates of INCOME TAX ACT.

tcs is collected by the seller of scrap goods as per the 
tax percentage

Tax Collection at Source or TCS, as the name implies, means 
collection of tax at source by the seller or collector, 
from the buyer of the goods. As prescribed under Income Tax 
Act 1961, it is mandatory on the part of the buyer to pay a 
predetermined value of TCS to the seller, while purchasing 
a particular commodity. TCS is generally set for business 
or trade in alcoholic liquor, forest produce, scarp, etc. 
Various lease, license and contracts related to areas like 
parking lot, mines and toll plaza also falls under the 
umbrella of TCS in India. 

TCS is generally collected when amassed or when paid, 
whichever is earlier. The seller or collector who collects 
the tax is required to deposit it in any of the designated 
branches of the certified banks. Tax Collection at Source 
is implemented to curb tax evasion and also to facilitate 
proper tax collection in India. The various goods which 
come under the policy of TCS are listed below along with 
their rates.

Nature of Goods	Percentage/Rate of Tax
Alcoholic  liquor	1
Timber obtained under  forest lease	2.5
Tiber obtained without forest lease	2.5
Tendu Leaves	5
Other forest produce, excluding Tendu leaves and Timber	2.5
Scrap	1

TCS stands for tax collection at source. In case of profits 
and gains from the business of trading in alcoholic liquor, 
forest produce, scrap etc. u/s 206C(1) of the Income Tax 
Act, 1961 seller is required to collect the income tax from 
the buyer as per the specified rates either at the time of 
receipt of such amount or at the time of debiting amount 
payable by the buyer to his concerned account.

basic difference between tds and tcs is 

tds is deducted on payment and

tcs is collected on receipts.

i think all about tds so its easy to explain you tcs.

tcs is applicable u/s 206 c of i.tax act and applicable on 
following items

(i)Alcoholic Liquor for human consumption

one per cent

(ii)Tendu leaves

Five per cent

(iii)Timber obtained under a forest lease

two and one-half per cent

(iv)Timber obtained by any mode other than under a forest 
lease

Two and one-half per cent

(v)Any other forest produce not being timber or tendu leaves

Two and one-half per cent

(vi)Scrap

One per cent:]

Surcharge & cess  is removed on TCS w.e.f. 1.10.2009 also 
as  TDS/ TCS rates are efective from 1.10.2009