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Guide

LRS Limit & TCS on Foreign Remittance

The $250,000 limit, TCS slabs and how to claim it back.

Updated 17 August 2026

Your numbers

₹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.

Questions

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Related reading

Worth knowing.Rates, fees and terms change frequently and vary by applicant. Everything here is general information, not personalised advice. Confirm the current terms directly with the institution before you apply. How we research and rate.