Under the Liberalised Remittance Scheme, all resident individuals, including minors, are allowed to freely remit up to USD ...

Finance Minister Nirmala Sitharaman announced significant reforms in Budget 2025, including raising the income tax exemption limit to ₹12 lakh and increasing TDS exemption limits.

FM proposes to hike the TCS limit to Rs 10 lakh from Rs 7 lakh currently. The TCS is applicable to the outward foreign ...

The increase in threshold from Rs 7 lakh to Rs 10 lakh for collecting TCS is expected to benefit the travel and foreign exchange sectors, providing a boost to outbound tourism, education and the ...

The existing TCS was applied specifically to remittances exceeding Rs 7 Lakh under the LRS. Besides this, the government has ...

The Budget removes TCS on remittances up to ₹10 lakh for foreign education when funded by loans, while retaining a 5% TCS for ...

The threshold to collect TCS on remittances under RBI's liberalised remittance scheme (LRS) is proposed to be raised from ₹7 ...

In a big boost to the Indian middle class, Finance Minister Nirmala Sitharaman on Saturday announced that there will be no ...

Budget: Finance Minister Nirmala Sitharaman raised the TCS threshold on remittances under RBIs Liberalized Remittance Scheme ...

Finance Minister Nirmala Sitharaman announced in Budget 2023 that the threshold for TCS on remittances under LRS will be ...

In Budget 2025, tax relief measures include raising the income tax rebate limit to ₹12 lakh and doubling senior citizens’ tax ...

Finance Minister Nirmala Sitharaman revised the Tax Collected at Source (TCS) rates on foreign remittances on Saturday. The ...