Financial Hub Verified Remittance Limits
Finance, Loans & Deposits: Germany
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Section 206C(1G) Tax Rule Engine
FY 2025-26 Tax BracketsRBI LRS Outward Remittance & TCS Calculator
₹15.00 Lakhs (₹15,00,000)
₹1 Lakh₹25 Lakhs₹50 Lakhs
Already used ₹7 Lakh LRS exemption this FY?If yes, TCS applies to 100% of this remittance amount.
Tax Collected at Source (TCS)5.0% TCS Bracket
Base Remittance:₹15,00,000
Exempt Amount:₹7,00,000
Taxable Portion:₹8,00,000
TCS Payable at Counter:₹40,000
Is TCS a Permanent Tax Loss?
No! TCS is an advance tax credit. Parents can claim 100% of this ₹40,000 refund or set it off against income tax returns (ITR) under Form 26AS.
Estimated Bank Outflow:~₹15,70,000
Save up to ₹22,500 on Forex Markups