Regulatory Research
Tax Collected at Source
Tax collected at source applies to remittances under LRS above a stated threshold. It is a collection mechanism, not a final tax liability.
Research coverage
01Threshold of INR 10,00,000TCS applies to aggregate LRS remittances in a financial year above the stated threshold.
02Rate of 20%The stated rate applies to the amount above the threshold for purposes other than education or medical treatment.
03Not a final taxTCS is collected by the remitting bank and can generally be claimed as credit against your Indian tax liability.
04Confirm with your adviserYour authorised dealer bank and tax adviser should confirm the treatment applicable to your circumstances.
Research in this area is being expanded. Published analysis will appear here as it is verified.
Sources
Last verified: September 2026