Forex
TCS on Foreign Remittance Calculator
Tax collected at source when you send money abroad under LRS.
₹15 L
₹0₹15,00,000₹20 Cr
TCS payable
₹1,00,000
- Amount remitted
- ₹15,00,000
- Threshold
- ₹10,00,000
- Amount above threshold
- ₹5,00,000
- TCS rate
- 20.00%
- Total outflow
- ₹16,00,000
What this means.General LRS remittance — 20% above ₹10 lakh. TCS is not an extra tax — it is a prepayment. It appears in your Form 26AS and you claim it as a credit when filing your ITR, or against your salary TDS via Form 12BAA. The LRS ceiling is USD 250,000 per person per financial year.
Worth knowing.Results are estimates based on the assumptions you enter. Actual outcomes depend on the exact terms offered to you, the compounding convention your institution uses, and tax law as it applies to your situation. Nothing here is personalised advice.
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