Rates from 1 April 2026
- Investment, gifts, maintenance and other purposes: nil up to ₹10 lakh a year, 20% above.
- Self-funded education and medical treatment: nil up to ₹10 lakh, 2% above.
- Education funded by a loan from a specified institution: nil.
- Overseas tour packages: 2% on the whole amount.
Full guide: TCS on foreign remittances. Investing in your own company abroad? That’s ODI — see overseas incorporation.
Frequently asked questions
How much TCS is charged on foreign remittance in 2026-27?
For investments, gifts and other purposes, nil up to ₹10 lakh in the financial year and 20% above; for self-funded education and medical treatment, 2% above ₹10 lakh; nil for education funded by a specified loan; and 2% on the whole amount for overseas tour packages.
Is TCS on LRS refundable?
Yes. TCS is credited against your income tax for the year, and any excess is refunded when you file your return.