Regulatory Research
Liberalised Remittance Scheme
The Liberalised Remittance Scheme sets how much a resident individual may remit abroad in a financial year.
Research coverage
01Annual limit of USD 250,000The Reserve Bank of India states a per-financial-year limit for a resident individual across all permissible current and capital account transactions.
02Per individual, per financial yearThe limit applies to each resident individual. Prior remittances in the same financial year reduce the remaining capacity.
03Authorised dealer bankRemittances are made through an authorised dealer bank, which applies the scheme's documentation and reporting requirements.
04TCS interactionTax collected at source applies above the stated threshold. TCS is a collection mechanism, not a final tax liability.Research in this area is being expanded. Published analysis will appear here as it is verified.
Sources
- Reserve Bank of India — Liberalised Remittance SchemeAnnual LRS limit for a resident individual.
- Income Tax Department — TCS on remittances under LRSTax collected at source on remittances under LRS.
Last verified: September 2026