Budget 2026: Foreign Travel, Study Abroad Cheaper with TCS, TDS Rate Cuts
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News18•01-02-2026, 14:18
Budget 2026: Foreign Travel, Study Abroad Cheaper with TCS, TDS Rate Cuts
- •Finance Minister Nirmala Sitharaman announced significant cuts in TCS and TDS rates in Budget 2026.
- •TCS on foreign tour packages reduced from 5-20% to a flat 2%, making international travel more affordable.
- •TDS on remittances for foreign education under LRS also reduced, benefiting students and parents.
- •The move aims to ease the financial burden on middle-class families for overseas travel and education.
- •These reductions are expected to boost India's outbound tourism industry and support international students.
Why It Matters: Budget 2026 makes foreign travel and education more accessible by significantly cutting TCS and TDS rates.
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