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How it works
- NRO money, property sale proceeds and inheritance share one limit of US$1 million per financial year (April to March), after Indian tax.
- NRE and FCNR balances can go abroad without limit.
- Gifts from parents go under LRS: US$250,000 per parent per year, with TCS above ₹10 lakh.
- Forms 145 and 146 replaced 15CA and 15CB from 1 April 2026.
Country guides: UK, US, Canada, Australia, Europe.
Frequently asked questions
How much money can an NRI transfer from India per year?
Up to US$1 million per financial year from NRO balances, property sale proceeds and inheritance combined, after paying Indian tax. NRE and FCNR balances have no limit.
Can my parents in India send me money abroad?
Yes, under the Liberalised Remittance Scheme, up to US$250,000 per parent per financial year. TCS of 20% applies above ₹10 lakh a year, which they can adjust against their tax.
What happens above US$1 million?
Spread the remittance across financial years, or apply to the RBI through your bank for approval.