Mayank's TCS Rate Increases to 20%

The TCS rate of 20% is the 5% in case of LRS remittances other than your foreign medical treatment and foreign education abroad. Overseas to package expenditure until 7 lakhs rupees per financial year per individual will be subject only to a lower T CS rate of 5%. All or after first of October 2023 up till 30 September the Tcs rate of 5% will be up.