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The Economic Times

Business / The Economic Times

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Union Budget trims TCS, simplifies TDS to ease burden on taxpayers

The budget simplifies tax collection with revised Tax Collected at Source (TCS) rates, significantly benefiting overseas travelers, students, and those seeking medical treatment abroad. Changes include a reduced 2% TCS on education, medical, and tour packages under 10 lakh, easing upfront costs.

2 Feb 2026 12:53 am