India's biggest forex marketplace!
04842886900 | care@extravelmoney.com | WhatsApp Us
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Currency Exchange
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Forex Card
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Money Transfer
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Tuition Fee
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GIC/Blocked Account
04842886900 | care@extravelmoney.com | WhatsApp Us
India's biggest forex marketplace!
Currency Exchange
Forex Card
Money Transfer
Tuition Fee
GIC/Blocked Account
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% |
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