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Personal Finance News

The Economic Times

Personal Finance / The Economic Times

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Lower TCS on overseas tour package, education and medical purposes

Significant tax relief is on the horizon for overseas travel, education, and medical expenses. The government plans to slash the TCS rate on tour packages to a flat 2%, removing existing thresholds. Furthermore, remittances for education and medical needs under the Liberalised Remittance Scheme will also see a reduction to 2%.

1 Feb 2026 11:59 am