TCS Simplified: What the Flat 2% Rate Means for Your Foreign Remittances in 2026
April 24, 2026 admin From April 1, 2026, India’s Tax Collected at Source (TCS) rules under the Liberalised Remittance Scheme (LRS) have changed significantly. The government has introduced a flat 2% TCS rate on overseas tour packages, foreign remittances for education, and medical expenses – replacing the older, complicated slab system. This article explains exactly […]
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