Union Budget 2026: Lower TCS on overseas education brings timely relief for Indian students
Union Budget 2026 brings welcome relief for students heading overseas, as Finance Minister Nirmala Sitharaman cuts the TCS rate on education and medical remittances under LRS from 5 per cent to 2 per cent above Rs 10 lakh. The move eases upfront cash pressure, improves affordability, and supports families navigating rising global education costs.
Union Budget 2026 brings welcome relief for students heading overseas, as Finance Minister Nirmala Sitharaman cuts the TCS rate on education and medical remittances under LRS from 5 per cent to 2 per cent above Rs 10 lakh. The move eases upfront cash pressure, improves affordability, and supports families navigating rising global education costs.
