LRS & TCS Calculator

Nothing up to ₹10 lakh in a financial year. Above that, the bank collects TCS only on the part over ₹10 lakh: 20% for investment abroad, gifts, family support and most other purposes, and 2% for education and medical treatment, which Budget 2026 cut from 5%. Send ₹30 lakh to buy US shares and the TCS is 20% of ₹20 lakh, which is ₹4 lakh, not 20% of the whole amount.

Per person, using your PAN, across every purpose and every bank for the financial year, 1 April to 31 March. Sending ₹6 lakh through one bank and ₹6 lakh through another still takes you past ₹10 lakh. Banks rely on your declaration of what you have sent elsewhere, so keep your own running total.

Yes, but not straight away. TCS is a credit against your income tax for that financial year. It appears in your annual tax statement and you claim it in your return, and any excess over the tax you owe is refunded. If you pay advance tax or have tax to pay when you file, it is adjusted against that tax, so the cash is not always locked up for the full year.

Not within one financial year, because the ₹10 lakh limit is for the whole year. Across two financial years it works: each year has its own ₹10 lakh, so ₹18 lakh sent as ₹10 lakh in March and ₹8 lakh in April has no TCS at all, against ₹1.6 lakh if sent in one go. The date the bank debits your account decides the year. Splitting costs you a second flat charge and exposes you to the dollar moving in between.

Not as far as we can find. RBI treats remittances to accounts in the International Financial Services Centre as LRS transactions, the annual USD 250,000 limit is shared, and the TCS provision has no exemption for them. Some websites claim otherwise, but we found no Central Board of Direct Taxes clarification supporting that, so plan on the same ₹10 lakh threshold.

Mostly the exchange rate. Banks do not publish a margin as a percentage, so compare the bank's selling rate with the mid-market rate at the same moment. On 5 October 2026 the published card rates were about 0.43% above the FBIL reference rate at SBI (on its ₹10–20 lakh sheet), 1.35% at ICICI Bank, 1.65% at Kotak, 1.67% at Axis and 1.70% at HDFC Bank. Add the flat charge (usually ₹500 to ₹1,250 plus 18% GST), GST on the conversion, which is ₹971 on ₹9.79 lakh and ₹1,350 on ₹30 lakh, and any intermediary bank deduction.

Usually not. Under RBI rules only banks, called Authorised Dealers Category I, can process capital-account transactions such as investing abroad. Money-transfer apps licensed as Category II dealers handle limited current-account purposes such as education, medical expenses and travel, and Remitly and Xoom send money into India, not out of it. For investing abroad you will normally send from a bank account, directly or through your platform's banking partner.

The bank's telegraphic transfer selling rate, which is the rate you pay to buy dollars, and the mid-market rate at the same time, such as the FBIL or RBI reference rate. The gap between them, as a share of the mid-market rate, is the bank's markup. Banks publish their rates at around 9 a.m., while reference rates are set around 1 p.m., so allow roughly 10 to 15 paise of timing difference.