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Calculate Tax Collected at Source on overseas remittances
TCS Deducted
Net Remittance Amount
Gross Remittance
TCS Rate Applied
TCS (Tax Collected at Source) is deducted on forex purchases above ₹7L/financial year. Rate: 5% for education/medical abroad, 20% for other purposes. TCS threshold: ₹7L/year (April-March). E.g., purchasing $10k USD at ₹83/USD with 20% TCS: ₹8.3L remittance, TCS ₹10.6k. TCS is collected upfront at bank, credited in tax return if eligible. High earners file advance returns to avoid TCS.
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This calculator is provided for informational and educational purposes only. While we strive for accuracy, results should be verified with official sources or by consulting qualified professionals. Tax laws, rates, and regulations are subject to change. GotRedFlags is not responsible for financial decisions made based on these tools.