Budget 2026: Foreign Travel, Education Cheaper with Major TCS-TDS Rate Cuts
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News18•01-02-2026, 14:32
Budget 2026: Foreign Travel, Education Cheaper with Major TCS-TDS Rate Cuts
- •Budget 2026 brings significant relief for those planning foreign travel and education abroad.
- •TCS on foreign tour packages reduced from 5-20% to a flat 2%, making travel more affordable.
- •TDS for sending money abroad for educational purposes under LRS has also been reduced.
- •This move benefits thousands of students and parents, easing the financial burden of international education.
- •The reduction in TCS on tour packages will boost India's outbound tourism industry and save working capital for travelers.
Why It Matters: Budget 2026 slashes TCS and TDS rates, making foreign travel and education significantly cheaper.
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