{"id":5980,"date":"2024-07-17T12:42:21","date_gmt":"2024-07-17T12:42:21","guid":{"rendered":"https:\/\/www.extravelmoney.com\/blog\/?p=5980"},"modified":"2026-04-13T09:59:26","modified_gmt":"2026-04-13T09:59:26","slug":"how-much-money-can-you-send-abroad-from-india-tax-free","status":"publish","type":"post","link":"https:\/\/www.extravelmoney.com\/blog\/how-much-money-can-you-send-abroad-from-india-tax-free\/","title":{"rendered":"How Much Money Can You Send Abroad from India Without Tax?"},"content":{"rendered":"\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a01116b1d55d&quot;}\" data-wp-interactive=\"core\/image\" class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"540\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/07\/Money-transfer-and-tax.jpg\" alt=\"Graphic from ExTravelMoney with the title 'Know TCS &amp; GST Charges on Overseas Remittance,' featuring a clock, a tax document, and a calculator.\" class=\"wp-image-5988\" style=\"box-shadow:var(--wp--preset--shadow--natural)\" srcset=\"https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/07\/Money-transfer-and-tax.jpg 960w, https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/07\/Money-transfer-and-tax-300x169.jpg 300w, https:\/\/www.extravelmoney.com\/blog\/wp-content\/uploads\/2024\/07\/Money-transfer-and-tax-768x432.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge image: Graphic from ExTravelMoney with the title &#039;Know TCS &amp; GST Charges on Overseas Remittance,&#039; featuring a clock, a tax document, and a calculator.\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><\/figure>\n\n\n\n<div style=\"height:33px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>Last Updated On: 13 April 202<\/strong>6<\/p>\n\n\n\n<p>If you have landed on this blog expecting to know the amount you can transfer abroad tax-free, it&#8217;s time to learn the bitter truth. You cannot send money from India without paying tax! But we suggest you continue reading to learn how to claim your tax amount back.<\/p>\n\n\n\n<p>Indian residents do foreign remittance under the LRS (Liberalised Remittance Scheme). Payments included in this scheme are hence liable to GST and TCS charges.<\/p>\n\n\n\n<p>Even though GST is unavoidable in money transfers, it is charged in small amounts. But TCS changes as per <a href=\"https:\/\/www.extravelmoney.com\/blog\/valid-purposes-for-indians-to-send-money-abroad\/\" target=\"_blank\" rel=\"noreferrer noopener\">transfer purposes<\/a> and threshold.&nbsp;<\/p>\n\n\n\n<p>But don\u2019t worry! There are several ways you can plan money transfers and minimise the taxes charged. Let&#8217;s find it out in this blog.<\/p>\n\n\n\n<pre class=\"wp-block-verse\"><strong>Disclaimer: <\/strong>This article on tax regulations related to overseas money transfer is for informational purposes only and does not intend to be tax advice. Please consult a financial advisor or a tax professional to get personalised guidance on your specific circumstances.<\/pre>\n\n\n\n<div style=\"height:31px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h1 class=\"wp-block-heading\">Taxes Charged for Foreign Remittances from India<\/h1>\n\n\n\n<div style=\"height:22px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">1. TCS (Tax Collected at Source)<\/h2>\n\n\n\n<div style=\"height:14px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>TCS is charged based on your purpose for the money transfer. <a href=\"https:\/\/www.extravelmoney.com\/blog\/tcs-on-money-transfer-from-india-to-abroad-simple-guide\/\" target=\"_blank\" rel=\"noreferrer noopener\">20% TCS<\/a> is levied for payments above the limit of Rs 10 lakhs. However, crucial purposes such as education and medical treatments are offered a concession. In all cases, payments below the set limit attract no TCS (except foreign tour packages). \u00a0\u00a0<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Type of Outward Remittance&nbsp;<\/strong><\/td><td><strong>Rate of TCS for up to Rs. 10 Lakhs<\/strong><\/td><td><strong>Rate of TCS for Above Rs. 10 Lakhs<\/strong><\/td><\/tr><tr><td>Education Purposes (financed by education loan)<\/td><td>Not Applicable<\/td><td>Not Applicable<\/td><\/tr><tr><td>Education Purposes (financed by other sources)<\/td><td>Not Applicable<\/td><td>2% of the amount above Rs. 10 lakhs<\/td><\/tr><tr><td>Medical Treatment Abroad<\/td><td>Not Applicable<\/td><td>2% of the amount above Rs. 10 lakhs<\/td><\/tr><tr><td>Overseas Tour Package<\/td><td>5% of the total amount<\/td><td>20% of the total amount<\/td><\/tr><tr><td>All Other Purposes<\/td><td>Not Applicable<\/td><td>20% of the amount above Rs. 10 lakhs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div style=\"height:27px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">2. GST (Goods and Services Tax)<\/h2>\n\n\n\n<div style=\"height:23px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>GST is charged based on the volume transacted and these volumes are divided into 3 slabs. The calculation of GST value for each slab is different. <\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-table tableScroll is-style-stripes\"><table><tbody><tr><td><strong>Slabs&nbsp;<\/strong><\/td><td><strong>GST Payable<\/strong><\/td><td><strong>Minimum Tax to be Paid<\/strong><\/td><td><strong>Maximum Tax to be Paid<\/strong><\/td><\/tr><tr><td>Slab 1&nbsp;(Upto Rs. 1 lakh)<\/td><td>0.18% of the total amount sent abroad <\/td><td>Rs. 45<\/td><td>Rs. 180<\/td><\/tr><tr><td>Slab 2&nbsp;(Rs.1 lakh &#8211; Rs.10 lakhs)<\/td><td>Rs.180 + 0.09% of the amount above Rs. 1 lakh to Rs. 10 lakhs<\/td><td>Rs. 180<\/td><td>Rs. 990<\/td><\/tr><tr><td>Slab 3(Above Rs. 10 lakhs)<\/td><td>Rs. 990 + 0.018% of the amount above Rs. 10 lakhs<\/td><td>Rs. 990<\/td><td>Rs. 10,800<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h1 class=\"wp-block-heading\">Do NRIs Need to Pay Tax for Overseas Money Transfer?<\/h1>\n\n\n\n<div style=\"height:23px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>NRIs do not do overseas fund transfers through the LRS Scheme. Therefore, as per the Income Tax Act, their payments to NRE or foreign bank accounts are not subjected to TCS. However, they must pay GST charges on currency conversion and service charges.&nbsp;<\/p>\n\n\n\n<p><strong>Also Read: <a href=\"https:\/\/www.extravelmoney.com\/blog\/tax-on-nri-repatriation-from-india\/\" target=\"_blank\" rel=\"noreferrer noopener\">What Is The Tax On NRI Repatriation From India?<\/a><\/strong><\/p>\n\n\n\n<div style=\"height:31px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h1 class=\"wp-block-heading\">Best Way to Send Large Sum Abroad with Minimum TCS Liability<\/h1>\n\n\n\n<div style=\"height:23px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Now, you have understood that TCS is not charged for money transfers below Rs. 10 lakhs (except overseas tour packages). Therefore, splitting the fund into small instalments and sending abroad shall work best.<\/p>\n\n\n\n<p>For instance, consider you are an international student who has to pay tuition fees of Rs. 12,00,000 to your university in the UK. If your university permits you to remit the fee from multiple bank accounts, you can split the payment between your parents&#8217; bank accounts and send it.&nbsp;<\/p>\n\n\n\n<p>That is, you can divide Rs. 12,00,000 into two separate transactions from different bank accounts such that each transaction is below the Rs. 10,00,000 threshold.<\/p>\n\n\n\n<div style=\"height:31px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h1 class=\"wp-block-heading\">Can You Claim Your TCS Back?<\/h1>\n\n\n\n<div style=\"height:23px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>You can adjust TCS payment in your ITR (Income Tax Return) filing at the end of a financial year. TCS paid is deducted from your overall tax liability, so you only need to pay the remaining ITR payable amount.<\/p>\n\n\n\n<p>If your ITR is less than the TCS amount paid, the balance amount after ITR will be refunded to you.&nbsp;&nbsp;<\/p>\n\n\n\n<pre class=\"wp-block-verse\"><strong>Why is TCS charged if it is to be adjusted\/refunded?<\/strong><br><br>The government has observed that many Indian residents have sent money overseas for investments and purchases. However, these incomes are not reported accurately for income tax purposes. To address the issue, this method is implemented to ensure that these individuals file their ITR so they don\u2019t miss the opportunity to claim their refunds.&nbsp;<\/pre>\n\n\n\n<div style=\"height:31px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h1 class=\"wp-block-heading\">How Can You Claim TCS Paid During ITR Filing?<\/h1>\n\n\n\n<div style=\"height:23px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Mr Robint Jac Roy, Product Head of ExTravelMoney, brings his 7 years of expertise in international remittances to share his insights on the TCS refund process:<\/p>\n\n\n\n<p>\u201cUsually, banks and exchange houses issue a TCS certificate when the TCS collection occurs in a transaction. You can use this certificate to claim TCS while filing an ITR. However, an online feature of the Income Tax Department, Form 26AS is available to claim all the taxes you have paid in a financial year, including TCS.&nbsp;<\/p>\n\n\n\n<p>Form 26AS also known as the Annual Tax Statement is a digital form that is linked with one\u2019s PAN Card which is automatically updated while a tax deduction\/collection happens. This form can be downloaded and verified on the <a href=\"https:\/\/contents.tdscpc.gov.in\/en\/taxpayer-home.html\" target=\"_blank\" rel=\"noreferrer noopener\">TRACES<\/a> website anytime. While an ITR filing occurs, Form 26AS is cross-checked by the authorities and accurate calculations are ensured.\u201d<\/p>\n\n\n\n<p>Therefore, do not consider TCS a liability but an opportunity to align ITR efficiently with enhanced compliance with the tax regime of the country.<\/p>\n\n\n\n<p><strong>Also Read: <a href=\"https:\/\/www.extravelmoney.com\/blog\/how-to-claim-tcs-refund-online-while-filing-itr\/\" target=\"_blank\" rel=\"noreferrer noopener\">How To Claim TCS Refund Online When Filing ITR?<\/a><\/strong><\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.extravelmoney.com\/wire-transfer\/\" target=\"_blank\" rel=\"noreferrer noopener\">Send Money Abroad<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:46px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Last Updated On: 13 April 2026 If you have landed on this blog expecting to know the amount you can transfer abroad tax-free, it&#8217;s time [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":5990,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[9],"tags":[210,162,187,196],"class_list":["post-5980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-money-transfer","tag-gst-on-forex-transactions-in-india","tag-money-transfer-abroad","tag-tcs-on-remittance","tag-tcs-refund"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Much Money Can You Send Abroad from India Without Tax?<\/title>\n<meta name=\"description\" content=\"Find out how to minimize taxes legally when sending money abroad from India. Learn about TCS and GST and how to claim your TCS refund.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.extravelmoney.com\/blog\/how-much-money-can-you-send-abroad-from-india-tax-free\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Much Money Can You Send Abroad from India Without Tax?\" \/>\n<meta property=\"og:description\" content=\"Find out how to minimize taxes legally when sending money abroad from India. 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