TCS on Foreign Spends: The ₹10 Lakh Rule You Must Know

TCS on foreign remittances now applies only above ₹10 lakh per year (up from ₹7 lakh) since 1 Apr 2025.

Foreign education funded by a recognised education loan attracts 0% TCS, whatever the amount.

Investments, gifts and property abroad attract 20% TCS on the slice above ₹10 lakh.

TCS is not a tax — it's a credit you adjust against your tax bill or claim as a refund.

International credit card spends abroad currently sit outside LRS, so they escape TCS — for now.