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

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

FM says tax deduction limit on interest for senior citizens doubled from Rs 50,000 to Rs 1 lakh. Annual Rs 2.40 lakh limit ...

Stay up-to-date with the TCS Stock Liveblog, your trusted source for real-time updates and thorough analysis of a prominent ...

Finance Minister Nirmala Sitharaman is set to present the Union Budget 2025 today. Experts expect potential reforms, from tax ...

Finance Minister Nirmala Sitharaman introduces key personal finance measures in Union Budget 2025, including TDS and TCS rationalisation.

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

The National Pension System (NPS) Vatsalya Scheme was officially launched on September 18, 2024. While Budget 2025 did not revise income tax slabs and rates under the old tax regime, it has extended ...

Finance Minister Nirmala Sitharaman in the Union Budget speech rationalised tax deduction at source (TDS) by reducing the ...

Finance Minister Nirmala Sitharaman has proposed to raise TCS exemption limit from Rs 7 lakh to Rs 10 lakh and exempt education remittances funded through loans, benefiting students, travellers, and ...

This revision is expected to bring relief to those making smaller foreign transactions, particularly for education, travel, medical expenses, and investments. However, for remittances exceeding ₹10 ...