Is TCS an extra tax on remittance?

No, TCS is an advance tax. You can adjust it against your total Indian tax liability or claim a refund by filing an ITR.

What is the LRS limit for NRIs?

Technically, LRS applies to Residents. NRIs repatriate funds under FEMA's $1 Million scheme from NRO accounts. However, many use LRS rules for outward remittances from Resident accounts.

LRS Remittance TrackerFY 2026-27

Track the $250k LRS limit and calculate exact Tax Collected at Source (TCS) over 7.00L.

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Quick Summary: LRS Remittance Tracker

Under the Liberalised Remittance Scheme (LRS) for FY 2026-27, individuals can remit up to USD 250,000 per year. Remittances above ₹7.00L attract TCS: 5% for education/medical and 20% for other purposes like investments or gifts.

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Regulatory Disclaimer · FY 2026-27

Last verified May 2026

Statutory Disclosure

Nature:Calculator platform and is NOT a SEBI-registered Investment Adviser. All calculations are indicative.

Risk:"Investments in securities market are subject to market risks. Read all related documents carefully before investing."

Consult a SEBI-registered IA or CA for personalised advice.

9 out of 10 traders in F&O incurred net losses (SEBI 2023). Tax estimates based on IT Act 2025. Trezoriq is not liable for financial decisions based on results.