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

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 ...

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 ...

Stay up-to-date with the TCS Stock Liveblog, your trusted source for real-time updates and thorough analysis of a prominent ...

Budget 2025-26 brings major tax relief, raising the tax-free income threshold and easing TDS and TCS norms. Key updates also include new exemptions for savings withdrawals and clarity on NPS Vatsalya ...

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

Nirmala Sitharaman said in Budget 2025 speech that the threshold amounts for tax deduction at source (TDS) will be increased for better clarity and uniformity ...

Union Finance Minister Nirmala Sitharaman proposed to raise the threshold of tax deducted at source (TDS) and tax collected at source (TCS) ...

This revision is expected to bring relief to those making smaller foreign transactions, particularly for education, travel, medical expenses, and investments. However, for remittances exceeding ₹10 ...

Presenting the 14th consecutive Budget under the Narendra Modi government since 2014, FM Sitharaman also proposed the ...