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Complete guide to Tax Collected at Source on outward remittance, overseas education, medical treatment, tour packages and investments under LRS.
Instant estimate for FY 2026–27
TCS (Tax Collected at Source) is collected by authorised dealers, banks and forex companies when a resident individual remits money abroad under the Liberalised Remittance Scheme (LRS).
TCS is not a Fire Forex service charge. It is collected against your PAN and may be adjusted while filing your Income Tax Return.
Covers education, medical treatment, travel, maintenance, gifts, investments and other foreign remittance purposes under RBI's LRS.
Your yearly LRS utilisation is tracked across banks and forex providers for cumulative threshold calculation against your PAN.
Category-wise TCS structure under LRS with clear thresholds and applicable rates for FY 2026–27.
| Purpose / Category | Up to ₹10 Lakh | Above ₹10 Lakh | Important Notes |
|---|---|---|---|
| 🎓 Overseas Education | NIL | 2% on excess NIL if funded via education loan |
University fee, student living expenses, GIC / blocked account and education-related payments. |
| 🏥 Medical Treatment Abroad | NIL | 2% on excess | Hospital payment, treatment cost and related medical remittance abroad. |
| ✈️ Overseas Tour Package | Flat 2% — no ₹10L threshold | Applies to international tour packages through travel operators. | |
| 👨👩👧 Maintenance of Relatives | NIL | 20% on excess | Family support and maintenance remittance under LRS. |
| 🎁 Gift Remittance | NIL | 20% on excess | When money is sent abroad as a gift under LRS. |
| 📄 Visa / Emigration / Consultancy | NIL | 20% on excess | Visa processing, emigration, overseas consultancy and advisory fee. |
| 📈 Investment Remittance | NIL | 20% on excess | Foreign stocks, overseas property, capital transfers and investment purposes. |
Simple 4-step method to estimate TCS on foreign exchange and outward remittance.
Education, medical, tour and other LRS purposes have different TCS rates from 0% to 20%.
Previous remittance in the same financial year is added for cumulative threshold calculation.
For most LRS categories, TCS applies only on the amount exceeding ₹10 lakh per financial year.
TCS is collected at the time of debit or payment and reported against your PAN.
Understand the real impact of TCS with practical, number-based examples.
Fire Forex helps with LRS utilisation check, correct purpose selection and fully transparent TCS calculation before your remittance.