Income TaxFY 2026-27 (post Budget 2025)
Foreign Remittance TCS Calculator
Section 206C(1G) — TCS on LRS remittances and overseas tour packages. Threshold ₹10 lakh post Budget 2025.
Remittance details
Purpose
TCS to be collected
₹1,00,000
Other LRS purpose (investment, gift, etc.) · 20.0%
Threshold
₹10.00 L
Taxable amount
₹5.00 L
TCS rate
20.0%
TCS amount
₹1,00,000
Net remittance cost
₹16.00 L
Note: TCS @ 20% on amount exceeding ₹10 L. Adjustable against your income tax liability.
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Threshold raised from ₹7L to ₹10L from 1 April 2025 (Finance Act 2025) for general LRS purposes. TCS is adjustable against your final income tax liability — not an additional tax. Tour packages: 5% up to ₹10L; 20% above (no threshold).
FAQs
Frequently asked questions
Is TCS an additional tax?+
No. TCS collected can be claimed against your final income tax liability when filing ITR. It's a withholding mechanism — your effective tax depends only on your actual income tax slab. Excess TCS is refunded.
Does TCS apply on credit-card spends abroad?+
International credit-card spends were earlier brought under LRS (May 2023) but the implementation was deferred. As of FY 2026-27, credit-card spends abroad are still OUTSIDE LRS — no TCS. International debit cards / forex prepaid cards are within LRS.
What if I'm sending money for self-investment abroad?+
Treated as 'other LRS' — 20% TCS on amount above ₹10 lakh. Plan remittances in tranches across financial years if you want to stay below ₹10L per FY.
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