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TCS ON FOREIGN EDUCATION
New I-T law, higher securities transaction tax on F&O trade to kick in from April 1New tax laws and budgetary provisions, including higher STT on F&O trades and lower TCS on overseas tour packages and LRS remittances for m...31 Mar, 2026, 12.35 PM IST- Budget 2026: Lower TCS on overseas tour package, education and medical purposesSignificant tax relief is on the horizon for overseas travel, education, and medical expenses. The government plans to slash the TCS rate o...01 Feb, 2026, 04.25 PM 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
- 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 on sending money abroad is 20% in many cases: Will Budget 2025 reduce this to 5%?Reduce TCS on LRS in Budget 2025: Following the amendments made in the Income Tax Act, TCS on sending money abroad in specified cases attra...16 Jan, 2025, 01.03 PM IST
- Luxury goods above Rs 10 lakh like Louis Vuitton handbag, Bulgari jewellery etc. to attract TCS from January 1, 2025TCS on luxury goods, Budget 2024: The budget documents have proposed the levying of TCS (tax collected at source) on notified luxury goods ...23 Jul, 2024, 03.52 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
- 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
- No TCS on foreign remittances of up to Rs 7 lakh, credit card spending overseas; higher rates to kick in from October 1TCS on foreign remittances: There will be no tax collection at source (TCS) on foreign remittances of up to Rs 7 lakh per financial year, s...06 Jul, 2023, 02.48 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 proposes hike in TCS on overseas travel, fund remittances out of India to 20%Also, 20 per cent TCS will be applicable in cases where funds in excess of Rs 7 lakh are sent out of India under the Liberalised Remittance...01 Feb, 2023, 04.41 PM 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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