TCS on Foreign Remittance Calculator

Calculate tax collected at source (TCS) on money sent abroad under India's Liberalised Remittance Scheme.

Amount you're sending abroad	₹15,00,000
Purpose	Education / medical treatment
Already remitted under LRS this financial year	₹0

Amount you're sending abroad

₹

Purpose

Already remitted under LRS this financial year

₹

TCS collected

₹10,000

2% on the ₹5,00,000 above the ₹10 lakh annual threshold (rates from 1 April 2026). TCS isn't an extra cost in the end: claim it as a credit against your income tax, or as a refund, when you file your return.

This payment against the ₹10 lakh yearly threshold

Up to ₹10 lakh this year0%₹10,00,000 → ₹0
Above ₹10 lakh2%₹5,00,000 → ₹10,000

Average rate 0.67%Top rate reached 2%

tax taken from each band

Includes ₹0 you'd already sent this year; TCS on this payment is ₹10,000.

About the TCS on Foreign Remittance Calculator

Banks collect TCS on foreign remittances under the LRS. From 1 April 2026 (Budget 2026), remittances for education and medical treatment attract 2% TCS above ₹10 lakh a year, overseas tour packages a flat 2% from the first rupee, and other purposes such as investments and gifts 20% above ₹10 lakh. The ₹10 lakh threshold is per person per financial year across all purposes. TCS shows in your Form 26AS and can be adjusted against tax or refunded.

The formula

TCS = rate × (amount above ₹10 lakh for the year), or 2% of the full tour package

Worked example

Example: TCS collected = ₹14,000

Inputs: Amount you're sending abroad: ₹17,00,000; Purpose: Education / medical treatment; Already remitted under LRS this financial year: ₹0.
Formula: TCS = rate × (amount above ₹10 lakh for the year), or 2% of the full tour package
Result: TCS collected = ₹14,000

Things to keep in mind

Check the Finance Act 2026 and your bank for the latest rules; rates have changed often.

Questions people ask

Can I avoid TCS?

Not if you cross the threshold, but you get it back as a tax credit.

Does it apply to credit card spending abroad?

International card spends aren't currently counted under LRS for TCS.

Sources

The rules and rates this calculator uses come from the official pages below. Its results are estimates, not an official determination, and rules change, so check the latest figures there before you act on them.

Income Tax Department, India: TCS rates