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FEMA Remittance Planner
Understand LRS limits and remittance tax implications for residents.
FEMA LRS Remittance Planner
Understand LRS limits and TCS on overseas remittances for Indian residents.
LRS / FEMA
TCS Rule: TCS @5% on amount above ₹7L
Within LRS limit
Remittance: $11905 | LRS limit: $250,000 per person per FY (₹2,10,00,000 at current rate)
TCS taxable amount
₹3,00,000
TCS (5%)
₹15,000.00
Collected by bank — claimable in ITR.
Total outflow incl. TCS
₹10,15,000.00
TCS collected by the Authorized Dealer (AD bank) is not a final tax — it can be claimed as credit in your income tax return. LRS limit is $250,000 per individual per financial year for all current and capital account transactions combined. PAN is mandatory for LRS transactions above ₹50,000.
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