Tag: moneyHOP

How to Legally Reduce TCS on Foreign Remittances in 2026 (Exemptions, Slabs & Refunds Explained)

Mar 2, 2026

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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…