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TCS Calculator

TCS Calculator for International Remittance
from India

Taxable Amount 0

This is a tool to calculate the TCS (Tax Collected at Source) to be paid while making international payments from India for different purposes under the LRS. Please find the tax slab for different purposes below. (Updated on 1/10/23).

Nature of Payment Up to Rs. 7.00 Lakh Above Rs. 7.00 Lakh
Overseas Education (Financed by Bank Loan) 0% 0.50%
Overseas Education 0% 5.00%
Medical Treatment 0% 5.00%
Other purposes (Sending Gift, maintenance, etc) 0% 20.00%
Overseas Tour Programme Package 5.00% 20.00%
Buying Foreign Currencies & Forex Travel Card 0% 20.00%
Usage of INR International Debit Card 0% 20.00%