30 May 20266 min read

LRS Limit and TCS Rules: Sending Money Out of India in 2026

Stay updated on the $250,000 LRS limit and the 20% Tax Collected at Source (TCS) rules for foreign remittances.

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Understanding LRS Limits & TCS

Under the Liberalised Remittance Scheme (LRS), resident Indians can send up to USD 250,000 overseas per financial year. Remittances above ₹7 Lakhs attract 20% TCS (Tax Collected at Source), which can be claimed back in your annual Income Tax Return.

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