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TCS REDUCTION ON REMITTANCES
Saving of Rs 1.2 lakh instantly when sending this amount abroad, but should you wait till April 1 for this?Good news for Indian families! The Union Budget 2026 significantly reduces Tax Collected at Source (TCS) on overseas education and medical ...18 Feb, 2026, 10.29 AM IST- Reduced TCS, extended ITR deadline, simplified TDS on property, centralised Form 15G/H, immunity from tax prosecution and more in Budget 2026Budget 2026 brings major changes to personal income tax. Tax Collected at Source rates are reduced. Deadlines for filing income tax returns...02 Feb, 2026, 05.43 PM IST
- Union Budget bets on tourism, mobility, human capital for long-term growth: VFS GlobalThe Budget 2026-27 highlights tourism, mobility, and human capital as key drivers for future growth. Initiatives aim to boost travel demand...02 Feb, 2026, 04.57 PM IST
- Did Budget 2026 leave you richer or poorer? Find out hereBudget 2026 brings significant changes for Indians with overseas financial links. Remittances for education and medical treatment abroad wi...02 Feb, 2026, 01.37 PM IST
- "BJP has many invisible friends, Budget 2026 designed for them": Akhilesh YadavOpposition leaders have voiced strong criticism of the Union Budget 2026-27. Akhilesh Yadav claims the budget favors invisible associates o...02 Feb, 2026, 12.48 PM IST
- Budget 2026: Lower TCS on overseas tour packages gives relief to travellersThe Union Budget 2026 proposes significant reduction in the Tax Collected at Source (TCS) for overseas tour packages. The TCS rate on inter...01 Feb, 2026, 06.02 PM IST
- NRI property TDS rules, Undisclosed foreign asset disclosure and more; know all NRI related income tax reforms announced in Budget 2026Finance Minister Nirmala Sitharaman announced significant tax reforms for Non-Resident Indians on February 1, 2026. Key changes include rev...01 Feb, 2026, 04.35 PM IST
- 'Poverty has been redefined': Shark Tank's Anupam Mittal reacts to Rs 12 lakh tax break in Budget '25Finance Minister Nirmala Sitharaman unveiled key tax reliefs for India’s middle class in the Union Budget 2025, featuring a simplified tax ...02 Feb, 2025, 11.17 AM IST
- Budget 2025 unveils bold roadmap for transformative tax reformsUnion Budget 2025: Finance Minister Nirmala Sitharaman, in her 2025-26 Budget, introduced significant tax reforms aimed at easing the tax b...01 Feb, 2025, 03.07 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
- Budget 2025 expectations: Old tax regime continuation, capital gains tax simplification, reliefs on NPS, crypto, and more: Here's what experts wantWith Union Budget 2025 around the corner, experts are voicing what they would want from FM Sitharaman in February next year. Some proposals...23 Dec, 2024, 12.01 PM IST
- Wider income tax slabs, higher standard deduction make the new tax regime more attractive. Has Budget 2024 made you richer?The Budget did not lower taxes for taxpayers who were hoping for increased deductions or more exemptions under Section 80. However, it prop...29 Jul, 2024, 05.37 PM IST
- What FM gave and took away from you in Budget 2024 impacting your money and taxesWho gains and who losses in Budget 2024: The finance minister Nirmala Sitharaman has announced many changes in the Budget 2024 presented to...23 Jul, 2024, 04.33 PM IST
- Will Budget 2024 reduce 20% TCS for taxpayers, levy TCS on credit card forex payments?Budget 2024: The industry wants the Finance Ministry to reconsider the decision of applying TCS at such a higher rate of 20%. The rate is e...29 Jan, 2024, 01.32 PM IST
- Proposed tax on international card purchases may drive sale of luxury brands in IndiaThe Indian government's proposal to impose a 20% tax on expenditures made abroad under the Liberalised Remittance Scheme is expected to boo...11 Sep, 2023, 08.33 PM IST
- On the Tax Front: Simplification, Stability, RationalisationIn this context, the tax proposals in the budget were focused on providing continuity and stability, albeit with some important changes. De...10 Feb, 2023, 09.38 AM IST
- How tax will be collected at source from individuals on these transactions from Oct 1TCS will be levied on foreign remittances made through the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India (RBI) and for b...27 Oct, 2020, 10.10 AM IST
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