Lower TCS rates under LRS aim to ease upfront tax costs for overseas education, medical treatment and travel spending ...

The measures are designed to reduce upfront tax burdens, simplify compliance and deepen overseas participation in India’s ...

The Budget has also proposed lowering the TCS rate on expenses incurred for pursuing education and for medical treatment abroad under the liberalised remittance scheme ...

The Budget has proposed to reduce the tax collected at source (TCS) for self-funded education and medical purposes abroad ...

IN A major relief for students pursuing education abroad, overseas travellers and individuals seeking medical treatment ...

Lowering TCS on overseas education and medical remittances under LRS to 2% is expected to ease cross-border transactions and ...

The Union Budget 2026 offers significant relief for Indians. Overseas education and medical remittances under LRS will now ...

Under the proposal, the TCS rate on overseas tour packages will be slashed from the existing 5% and 20% slabs to a uniform 2% ...

In Budget 2026, the Finance Minister has proposed a rationalisation of TCS rates on certain foreign payments. While overseas tour packages earlier attracted TCS at 5%—and 20% beyond Rs 10 lakh—and ...

Budget 2026: Finance Minister Nirmala Sitharaman reduced the tax collection at source rate to two per cent for education remittances under the Liberalised Remittance Scheme in Union Budget 2026.

Significant tax relief is on the horizon for overseas travel, education, and medical expenses. The government plans to slash the TCS rate on tour packages to a flat 2%, removing existing thresholds.

Ahead of Budget 2026, there is a humble request to reform the existing TCS provisions. It is now crucial to avoid collecting TCS from bona fide, honest individual taxpayers who pay their taxes in good ...