Finance
Mr. ManagerBudget 2026: TCS Cut to 2% for Education and Medical Travel
Ladies and gentlemen, the government just delivered a financial smackdown! In Budget 2026, TCS for foreign education and medical travel has been slashed from 5% to a staggering 2%! Families sending their champions abroad can now rejoice! No more minimum remittance limits! This isn’t just a budget; it’s a seismic shift in overseas remittance! Are you ready to seize this moment?
few days ago | Surbhi Gloria Singh
Quick rundown
1.Union Budget 2026 slashes TCS rates for overseas remittances.
2.TCS on education and medical remittances cut to 2%.
3.Travel remittances see a significant TCS reduction.
4.TCS is adjusted against final income tax liability.
5.Budget changes aim to ease financial planning for families.
