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.