Under the Liberalised Remittance Scheme, all resident individuals, including minors, are allowed to freely remit up to USD ...

FM proposes to hike the TCS limit to Rs 10 lakh from Rs 7 lakh currently. The TCS is applicable to the outward foreign ...

The existing TCS was applied specifically to remittances exceeding Rs 7 Lakh under the LRS. Besides this, the government has ...

Union Budget 2025 revises TCS rates on foreign remittances, reducing the tax burden on students funding overseas education ...

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 ...

FM says tax deduction limit on interest for senior citizens doubled from Rs 50,000 to Rs 1 lakh. Annual Rs 2.40 lakh limit ...

Sitharaman announced the removal of TCS on remittances for education when the money comes from a loan taken from a specified financial institution ...

Budget: Finance Minister Nirmala Sitharaman raised the TCS threshold on remittances under RBI’s Liberalized Remittance Scheme ...

Union budget 2025 will rationalise taxation for the middle class by simplifying tax deducted at source and tax collected at ...

In a big boost to the Indian middle class, Finance Minister Nirmala Sitharaman on Saturday announced that there will be no ...

In Budget 2025, tax relief measures include raising the income tax rebate limit to ₹12 lakh and doubling senior citizens’ tax ...