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TCS Calculator
TCS on foreign tour packages and forex (LRS rules)
✈️ TCS Calculator
💰 Foreign Travel Details
₹
📊 TCS Breakdown
💸TCS Amount
₹25,000
💯Effective Rate
5.00%
🏷️Package Amount
₹5,00,000
💰Total Payable
₹5,25,000
📌 TCS Rules (April 2024):
• Tour package below ₹7L: 5% TCS
• Tour package above ₹7L: 5% on first ₹7L + 20% on remainder
• Education with loan: 0.5%
• ✅ Refundable via ITR if your tax liability is lower
❓ Frequently Asked Questions
Common questions about TCS Calculator
What is TCS on foreign travel?▼
Tax Collected at Source on foreign tour packages and forex. 5% up to ₹7L, 20% above ₹7L (April 2024 rules).
Free TCS calculator?▼
Yes, 100% free. Enter package amount, get TCS amount + total payable. Includes tour package + LRS rules.
TCS rates current?▼
Foreign tour package: 5% (up to ₹7L), 20% (above ₹7L). LRS purposes: 0.5-20% based on category. Education/medical: 0.5-5%.
Can I claim TCS back?▼
Yes! TCS is advance tax. Claim refund when filing ITR if your tax liability is less. Show in Form 26AS.
TCS on credit card abroad?▼
Earlier exempt. Now (effective Oct 2023): 20% TCS above ₹7L threshold. Below ₹7L: no TCS on credit card.
TCS exemption?▼
Below ₹7L threshold: 5% TCS only on tour packages. Education abroad with loan: 0.5%. Medical abroad: 5%.
Tour operator TCS?▼
Tour operator collects TCS upfront. You pay package + TCS. They deposit with govt. You claim refund via ITR.
LRS limit?▼
$250,000 per person per year for outward remittance. TCS applies above ₹7L. Includes investments, property abroad, gifts.
Hotel booking abroad TCS?▼
If booked through Indian agent as part of package: TCS applies. Direct booking with foreign hotel via card: depends on amount.
TCS for NRIs?▼
NRIs exempt from TCS on foreign travel/remittance. Need to declare NRI status. Different tax rules apply for NRIs.