Budget 2025: What is tax collection at source (TCS)? All you need to know
The threshold to collect TCS on remittances under RBI's liberalised remittance scheme (LRS) is proposed to be raised from ₹7 ...
TCS remittance limited hiked from Rs 7 lakh: Check the new limit announced in Budget 2025
FM proposes to hike the TCS limit to Rs 10 lakh from Rs 7 lakh currently. The TCS is applicable to the outward foreign ...
Tax threshold on overseas remittances hiked to Rs 10 lakh from Rs 7 lakh; for education, TCS removed if funded by loan
The increase in threshold from Rs 7 lakh to Rs 10 lakh for collecting TCS is expected to benefit the travel and foreign ...
Finance Bill 2025 provides relief from prosecution for late TCS payments
The amendment in the Finance Bill 2025 provides some relief to taxpayers by offering them a second chance to comply with the ...
Government Exempts TCS For Remittances For Education Purposes
The existing TCS was applied specifically to remittances exceeding Rs 7 Lakh under the LRS. Besides this, the government has ...
TCS exemption limit raised to Rs 10 lakh in Union Budget 2025, relief for students and travellers
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 ...