Union Budget 2026: FM cuts TCS rate for education and medical expenses abroad under the Liberalised Remittance SchemeThe Union Budget 2026 offers significant relief for Indians. Overseas education and medical remittances under LRS will now face a reduced T...
01 Feb, 2026, 12.57 PM IST
TDS, TCS limits hiked in Budget 2025: Seniors, landlords, foreign travellers, students to benefitWhile senior citizens, landlords and those providing professional/technical services are the biggest beneficiaries of the TDS limit hike, t...
10 Feb, 2025, 11.47 AM IST
TCS on foreign remittance limit hiked from Rs 7 lakh: Check the new limit announced in Budget 2025TCS Limit in Budget 2025: FM proposes to hike the TCS limit to Rs 10 lakh from Rs 7 lakh currently. The TCS is applicable to the outward fo...
06 Feb, 2025, 02.58 PM IST
New TDS, TCS limits for FY2025-26 for interest, dividends, prize money, rent announced in Budget 2025: Thresholds hikedLandlords, travellers and parents sending children abroad for education will also benefit
02 Feb, 2025, 02.17 PM IST
Sitharaman just gave NRIs more reasons to park their cash in IndiaFinance Minister Nirmala Sitharaman proposed raising the tax collected at source (TCS) threshold on remittances under the RBI’s Liberalized...
02 Feb, 2025, 10.25 AM IST
Budget 2025: TCS rationalisation to benefit investors willing to invest in global marketsBudget: Finance Minister Nirmala Sitharaman raised the TCS threshold on remittances under RBI’s Liberalized Remittance Scheme (LRS) from Rs...
01 Feb, 2025, 04.01 PM IST
How Nirmala Sitharaman changed your study abroad budgetThe Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, revises TCS rates on foreign remittances, easing financial plan...
01 Feb, 2025, 02.12 PM IST
TCS paid on foreign remittances, purchase of car can be used to lower TDS on salaryTCS on Foreign remittances: Budget 2023 raised TCS on most foreign remittances under LRS to 20%. The initial implementation was met with cr...
23 Jul, 2024, 02.54 PM IST
Budget 2024: Higher TCS of 20% on certain foreign remittances via LRS can be reduced to 5%TCS rate of 20% is high and can create liquidity challenges for individuals who rely on regular remittances for personal or business needs....
12 Jul, 2024, 01.28 PM IST
New TCS rules have kicked in: Here's what gets costlier and what remains sameStarting October 1, 2023, new tax collection at source (TCS) rates will affect various financial transactions, such as international travel...
02 Oct, 2023, 03.07 PM IST
New 20% TCS rule from October 1, 2023: Know TCS rates on international trips, forex payments, debit, credit card, education, foreign investmentsStarting from October 1, 2023, all overseas outward remittances, except for medical and educational purposes, over a threshold limit of Rs ...
25 Sep, 2023, 03.03 PM IST
300% hike in TCS from July 1, 2023: How it will impact foreign investments, international trips, credit card spends abroadGet ready to shell out more from next month as Budget 2023 has increased Tax Collection at Source (TCS) on foreign remittance through the L...
14 Sep, 2023, 11.59 AM IST
Sending money abroad for education? Watch out for these errors to avoid 20% TCSThe higher rate of TCS will not apply to education expenses incurred abroad. But parents must be careful about the fine details of TCS whil...
08 Jul, 2023, 03.17 PM IST
TCS applicable on international remittance for education, medical treatmentThe Indian government has clarified that remittances for education and medical treatment expenses will cover associated costs like internat...
01 Jul, 2023, 10.08 AM IST
Sending money abroad for education? Pay 20% TCS from July 1 if you don't do thisBudget 2023 raised the Tax Collection at Source (TCS) rate for foreign remittances under the Liberalised Remittance Scheme (LRS) from 5 per...
16 Jun, 2023, 12.58 PM IST
New TCS rate from July: Sending money for children studying abroad to cost more for these expensesBudget 2023 increased tax collection at source (TCS) for foreign remittances under LRS from 5% to 20%. This will apply to foreign trips, se...
18 May, 2023, 10.27 PM IST
Budget 2023: Want to send money abroad? It will cost you more nowAs per the Budget proposal, banks remitting funds overseas will have to collect tax at source at 20% without the applicability of any thres...
02 Feb, 2023, 10.13 AM IST