TCS on foreign remittances calculator.
Budget 2026 rewrote the TCS grid from 1 April 2026: education, medical and tour-package remittances now attract just 2%, loan-funded education stays at nil — while investments and gifts still carry 20% above ₹10 lakh. See exactly what your next transfer will attract.
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FY 2026-27 rates under Section 206C(1G) as amended by Budget 2026, effective 1 April 2026: the ₹10 lakh aggregate threshold (per PAN, per financial year, across all authorised dealers) applies to education, medical and other-purpose remittances; tour packages are charged flat. TCS is a prepaid credit, not a cost — it reflects in Form 26AS, adjusts against your tax (including through your employer's TDS on salary), and any excess is refunded on filing. Not tax advice.
NRIs: this scheme is not for you — and that's good news
LRS and its TCS apply to residents sending money out of India. If you are an NRI repatriating your own funds from an NRO account — sale proceeds, rent, inheritance — you are under the USD 1 million scheme instead: no TCS, but a CA-certified Form 15CB and Form 15CA per transfer. The parents-funding-education case, though, is squarely LRS: money your family in India sends you abroad attracts the rates above.
Planning the threshold
The ₹10 lakh threshold is per PAN, per financial year, across purposes and banks (tour packages sit outside it since April 2026, charged flat at 2%). Two practical consequences: splitting a large remittance across parents (separate PANs) doubles the TCS-free amount, and timing a transfer across 31 March restarts the aggregate. For loan-funded education, carry the loan sanction letter to the bank — the nil rate applies only when the remittance is out of a financial-institution education loan.
This estimator is general information, not tax advice. Speak with the Cross-Border Tax practice for remittance planning, 15CA/15CB certification and refunds of excess TCS.
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