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TCS applies once your total LRS drawings this financial year cross ₹10 lakh. That threshold is per PAN, combined across every authorised dealer — so include what you have already remitted elsewhere.
Leave as 0 if this is your first LRS remittance this year.
An estimate only. Final applicability depends on your declaration and the prevailing tax regulations. TCS is not an extra charge — it is collected on your behalf, deposited with the government, and claimed back as a credit when you file your income tax return. Rates effective 1 April 2026.
How it's calculated
- Add this remittance to what you have already remitted this financial year (all dealers).
- Only the part above ₹10 lakh attracts TCS.
- The rate depends on the purpose: 20% general, 2% education or medical from own funds, nil for education by loan.
Questions
Is TCS an extra cost?
No. It is tax collected in advance in your name, and you claim it back as a credit when you file your income-tax return.
Is the ₹10 lakh limit per dealer?
No — it is per PAN per financial year, combined across all banks and authorised dealers.
Does TCS apply to forex for travel?
Yes, if your total LRS drawings this year cross ₹10 lakh; below that, there is none.
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