Foreign Remittance under LRS & TCS
Sending money abroad: LRS limits, permitted purposes and TCS from 1 April 2026
- 1PlanAmounts, payers and timing optimised for TCS.
- 2RemitRight purpose code and documents to the bank.
- 3RecoverTCS claimed in your return.
Share your details. We’ll reply on WhatsApp with the next steps and a checklist.
Pick a plan — the fee is adjusted if you hire us within 30 days.
About Foreign Remittance under LRS & TCS
A clear overview, in simple terms — what it is, why it matters, and how we handle it.
Resident individuals can send up to USD 250,000 per financial year abroad under the Liberalised Remittance Scheme for travel, education, medical care, gifts, family maintenance and investment. TCS applies only above ₹10 lakh a year per person: from 1 April 2026, nil for loan-funded education, 2% for other education and medical remittances, 20% for other purposes, and 2% on overseas tour packages from the first rupee. TCS is credited against your income tax.
TCS isn't an extra tax — it shows in Form 26AS/AIS and reduces the tax payable in your return or is refunded. Salaried people can also ask their employer to account for it in monthly TDS. Planning remittances across family members and financial years keeps cash from being blocked.
LRS can't be used for margin trading, lottery, betting, or trading on unauthorised forex platforms, and remittances to countries flagged by FATF as non-cooperative are barred. Investment abroad — US stocks, foreign property, or ODI in an operating company — has its own reporting, including Schedule FA in your ITR.
| LRS limit | USD 250,000 per financial year per resident individual |
|---|---|
| TCS threshold | ₹10 lakh per financial year, per PAN |
| Education / medical (not loan-funded) | 2% above ₹10 lakh (from 1 April 2026) |
| Loan-funded education | Nil |
| Other purposes | 20% above ₹10 lakh |
| Overseas tour packages | 2% from the first rupee |
Who this is for
Common scenarios where this service is a good fit.
- Parents paying overseas tuition
- Residents investing in foreign stocks or property
- Families supporting relatives abroad
- Travellers buying overseas tour packages
What you get
Clear deliverables so you know exactly what's included.
- Remittance and TCS planning
- Purpose-code and documentation guidance
- TCS credit in ITR or salary TDS
- Schedule FA reporting for foreign investments
Expert review before every submission — not just data entry.
Working notes and reconciliations you can rely on in future notices.
Resident Indians, NRIs, expats and cross-border businesses — all served.
Documents required
A practical checklist. We'll tell you if anything else is needed based on your case.
* This is a base checklist. After a quick pre-check, we may ask for additional items specific to your case.
Process
A simple, trackable workflow — designed to avoid back-and-forth.
Amounts, payers and timing optimised for TCS.
Right purpose code and documents to the bank.
TCS claimed in your return.
Get a quote
We share a clear quote on WhatsApp after a quick checklist pre-check.
- Fixed quote on WhatsApp after a short look at your facts and documents.
- Government fees, if any, are paid at actuals and shown separately.
| Factor | DIY | Indus Tax |
|---|---|---|
| Expert review | ❌ | ✅ |
| Notice risk reduction | ❌ | ✅ |
| Deduction optimisation | ❌ | ✅ |
| Audit-ready records | ❌ | ✅ |
| AIS/26AS reconciliation | ❌ | ✅ |
Share your facts and deadline. We'll reply with the right checklist and a clear quote.
Fee adjusted against our service fee if you go ahead within 30 days.
- Priority CA Call-backSkip the queue — a CA calls you within 30 minutes.₹255
- RecommendedCA Consultation (30 min)Talk one matter through properly with a CA.₹755
- In-depth CA Review (60 min)Documents reviewed before the call, written action plan after.₹1,155
Call-backs run Mon–Sat, 9 AM–6 PM IST. Booked outside these hours? We call you first thing the next working morning.
Compare the 3 plansFrequently asked questions
Answers to the most common questions we get.
This page also covers
- Foreign remittance
- Outward remittances by residents for all permitted purposes.
Official sources
Indus Tax is a private professional services firm and is not affiliated with any government authority. Rules and fees change — we confirm current positions before filing.
