Why Not Mint Money: A Personal Finance Podcast to Help You Understand Basic Money Concepts and Share Strategies for You to Build Wealth

The TCS rate on such overseas two packages and LRS remittances has been increased from 5% to 20%. One more thing which has added to the confusion is that there is one CBT notification, dated one RBI notification, I should say, dated 16th of May, 2023. There in the international credit card spends towards foreign travel have been made subject to the TCS now. Earlier they were exempted from the TCS under section 206C. So that is also added to the woes of the people.