Big Relief: TCS on Foreign Education Slashed from 5% to 2% in Budget 2026
Budget
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Moneycontrol•01-02-2026, 23:11
Big Relief: TCS on Foreign Education Slashed from 5% to 2% in Budget 2026
- •Finance Minister announces significant relief in Budget 2026 for those planning foreign travel or whose children study abroad.
- •Tax Collected at Source (TCS) on foreign education expenses has been reduced.
- •The TCS rate for foreign education is now 2%, down from the previous 5%.
- •This change aims to ease the financial burden on students and families funding overseas studies.
Why It Matters: TCS on foreign education reduced from 5% to 2%, offering major financial relief.
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