Budget 2025: What is tax collection at source (TCS)? All you need to know
The threshold to collect TCS on remittances under RBI’s liberalised remittance scheme (LRS) is proposed to be raised from ₹7 ...
TCS remittance limited hiked from Rs 7 lakh: Check the new limit announced 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 foreign ...
Budget 2025: TCS rationalisation to benefit investors willing to invest in global markets
Budget: Finance Minister Nirmala Sitharaman raised the TCS threshold on remittances under RBI’s Liberalized Remittance Scheme ...
Tax threshold on overseas remittances hiked to Rs 10 lakh from Rs 7 lakh; for education, TCS removed if funded by loan
The increase in threshold from Rs 7 lakh to Rs 10 lakh for collecting TCS is expected to benefit the travel and foreign exchange sectors, providing a boost to outbound tourism, education and the ...
Government Exempts TCS For Remittances For Education Purposes
The existing TCS was applied specifically to remittances exceeding Rs 7 Lakh under the LRS. Besides this, the government has ...
The Financial Express6h
Foreign study made less tedious on TCS relief
The Budget removes TCS on remittances up to ₹10 lakh for foreign education when funded by loans, while retaining a 5% TCS for ...