Free Tool • Updated for FY 2025–26
LRS and Foreign Tour TCS Calculator 2025 (India)
This interactive calculator helps you estimate Tax Collected at Source (TCS) on outward remittances under the Liberalised Remittance Scheme (LRS) and on overseas tour packages. It factors in the Rs.10,00,000 annual threshold (per PAN, per financial year), the correct TCS slab for your purpose of remittance, and whether your PAN is inoperative. It also explains who collects TCS (bank or tour operator) and how TCS credit works in your Income Tax Return.
Quick notes: Education paid via a specified education loan currently has 0% TCS. For education (self-funded) and medical treatment, TCS applies only on the amount exceeding Rs.10,00,000 in the financial year. For overseas tour packages, TCS is 5% up to Rs.10,00,000 and 20% on any amount above Rs.10,00,000. Most other LRS purposes (investments, gifts, maintenance, etc.) attract 20% on the amount above Rs.10,00,000. International credit-card spends while overseas are presently outside LRS till further orders.
Estimate Your TCS
How we calculate (tap to view)
Threshold logic: We add your “FY so far” and the new amount to find your PAN-level total, then apply slabs only on the portion above the threshold (Rs.10,00,000 for FY 2025–26; Rs.7,00,000 for FY 2024–25).
Tour packages: 5% up to the threshold and 20% above; the tour operator collects TCS. For other LRS remittances, your bank/Authorised Dealer collects TCS.
Education via specified loan: FY 2025–26 = 0% TCS. For FY 2024–25, concessional 0.5% applied only on the portion above Rs.7,00,000.
Disclaimer: This tool is for guidance only and does not constitute tax advice. Please consult your bank/tour operator or a tax professional for your specific case.
How to Use This Calculator
- Select the financial year (FY 2025–26 by default).
- Choose your purpose (education, medical, tour package, or other LRS).
- Enter the amount you have already remitted this FY (if any).
- Enter your new remittance / package amount and tap Calculate TCS.
- Review who collects TCS (bank or tour operator), the rate applied, and your effective TCS.
- Use the tips in the FAQs to plan remittances responsibly.
Benefits of Planning With This Tool
- Avoid surprises: See TCS on the incremental portion above the FY threshold.
- Plan smarter: Understand how purpose, PAN status, and FY totals change your TCS.
- Cash-flow clarity: Know what the bank/tour operator will collect upfront and how it is credited in ITR.
- Edge cases covered: Education via specified loan, multiple remittances, tour package slab-split.
Frequently Asked Questions
Is TCS a tax I permanently lose?
No. TCS is a tax credit that appears in your Form 26AS/Annual Information Statement and is adjustable against your final income tax. Any excess can be claimed as refund in your ITR.
Who collects TCS — bank or tour operator?
For LRS remittances (education, medical, investments, etc.), your bank/Authorised Dealer collects TCS. For an overseas tour package, the tour operator collects TCS.
What if I remit through multiple banks in the same year?
The threshold is per PAN per FY, irrespective of the number of banks/tour operators. Keep your total year-to-date remittances handy so you can calculate correctly.
Does international credit card spending overseas attract TCS?
As of now, international credit-card spends made while overseas are outside LRS till further orders. This tool focuses on LRS remittances and tour packages.
What happens if my PAN is inoperative?
Higher TCS may apply on certain slabs (for example, 10% instead of 5% in some categories). Use the “PAN inoperative” toggle to simulate this.
How can I legally reduce TCS impact?
Plan remittances across financial years, ensure your PAN is operative, consider paying education fees via a specified education loan (0% TCS in FY 2025–26), and avoid exceeding slabs unnecessarily. Always comply with rules and document the purpose.
What if I have already crossed the threshold earlier in the year?
Then the entire new amount may fall into the higher slab for your category. The calculator handles this by applying rates to the portion above the remaining threshold.
Is tour package TCS applicable from the first rupee?
Yes. For overseas tour packages, 5% applies up to the FY threshold and 20% applies above it. This is different from most LRS purposes, which only apply above the threshold.
Conclusion
Use this calculator before you book a foreign tour or send money abroad to avoid cash-flow shocks. Bookmark this page and share it with family members who may be remitting from the same PAN in the same financial year.
Next: Check bank forex charges and timelines before remitting. If you are planning overseas education, compare an education loan from a specified financial institution versus self-funding to understand the TCS impact.
Please do not enter any spam link in the comment box.