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TCS on foreign remittance calculator

The tax collected at source (TCS) when you send money abroad for fees and living costs, and how an education loan changes it.

Section 206C(1G) Tax Rule Engine

FY 2025-26 Tax Brackets

Remittance Amount (INR):₹15.00 Lakhs (₹15,00,000)

₹1 Lakh₹25 Lakhs₹50 Lakhs

Source of Funds & Purpose

Already used ₹7 Lakh LRS exemption this FY?If yes, TCS applies to 100% of this remittance amount.

Tax Collected at Source (TCS)5.0% TCS Bracket

Base Remittance:₹15,00,000

Exempt Amount:₹7,00,000

Taxable Portion:₹8,00,000

TCS Payable at Counter:₹40,000

Is TCS a Permanent Tax Loss?

No! TCS is an advance tax credit. Parents can claim 100% of this ₹40,000 refund or set it off against income tax returns (ITR) under Form 26AS.

Estimated Bank Outflow:~₹15,70,000