How will TCS be applied to my payment using Convera?

When completing your payment, documentation will be requested and verified to assess TCS.

• ICICI Bank
  • Collection of TCS is managed by branch staff at ICICI. They will complete a PAN look up, ask for a loan sanction letter, and then apply TCS, if applicable. ICICI will remit the tax to the appropriate authorities.
• Convera Agent
  • Collection of TCS is managed by branch staff at the Convera Agent location. They will complete a PAN look up, ask for a loan sanction letter, and then apply TCS, if applicable. Each Agent will remit the tax to the appropriate authorities.
• INR bank transfer NEFT/RTGS
  • Our banking partner in India is responsible for collecting the TCS amount, which will be displayed on your payment instructions and added to the amount due. You must remit the full amount (amount owed to your Institution and TCS). Our banking partner in India will withhold the amount of TCS payable and remit those funds to the appropriate authority and your institution will receive the full amount owed.