Tag: Foreign remittance tax India

How to Avoid TCS on Foreign Remittances in 2026 [Slabs, Exemptions, Refund Explained]

Sep 30, 2025

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by

Karthik

Think foreign transfers automatically attract a steep 20% TCS? Not anymore. With the latest updates to LRS rules in Budget 2026, several remittance categories, including overseas tour packages, now fall under a significantly lower 2% TCS rate, while concessional rates continue to apply for education and medical purposes. Many Indians are now exploring how to…
All You Need To Know About TCS On International Money Transfers (2026 Edition)

Apr 1, 2025

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by

Karthik

What is TCS on International Money Transfers? Every time you send money abroad from India – whether for education, medical needs, travel, investments, or even a family gift – there is a tax component built into the process known as Tax Collected at Source (TCS). This is not paid separately; it is collected by the…