Work out tcs on foreign remittance instantly with clear inputs, formula shown and shareable results.
Tax collected at source on outward remittance applies only to the amount above an annual free threshold, at a rate that depends on the purpose. It is a prepayment of your own tax, recoverable as a credit in your return.
TCS on remittance
TCS = (remittance - annual threshold) × rate for the purpose
Tax figures are estimates based on the rates, caps and thresholds you enter. Real rules differ by jurisdiction and change every year, and personal circumstances alter the outcome. This is not tax or financial advice — confirm with a qualified adviser.
No. It is collected in advance and credited against your annual liability, so the real cost is only the cash flow.
It is designed to capture undeclared income funding discretionary overseas spending.