Budget 2026: Big news for NRIs with TCS rate reductions

Overseas tour programs have seen a reduction in fees from 5–20% to 2%, eliminating any minimum limits. Additionally, education and medical remittances under the Liberalized Remittance Scheme (LRS) have also decreased from 5% to 2%. TaxConceptTax Concept is a dedicated team of financial writers, legal analysts, and tax professionals committed to breaking down complex Indian […]

Overseas tour programs have seen a reduction in fees from 5–20% to 2%, eliminating any minimum limits. Additionally, education and medical remittances under the Liberalized Remittance Scheme (LRS) have also decreased from 5% to 2%.

  • Overseas tour programs: reduced from 5–20% to 2% without any minimum limit.
  • Education and medical remittances under LRS: reduced from 5% to 2%.
TAX CONCEPT

Tax Concept is a dedicated team of financial writers, legal analysts, and tax professionals committed to breaking down complex Indian corporate updates. From real-time GST amendments and crucial Income Tax judgements to EPFO schemes and corporate law updates, TaxConcept serves as a reliable, authoritative guide for chartered accountants, businesses, and everyday taxpayers seeking absolute compliance clarity.

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