AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
  • Select Language
    • English
    • हिंदी
    • ગુજરાતી
  • Advertise With Us
AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
AnyTV News

If you are sending money abroad to your child, then you can save 20%tax.

by Kavita Nagar
May 7, 2025
If you are sending money abroad to your child, then you can save 20%tax.

The LRS allows parents to send money to meet the education related expenses of their children studying abroad. Under LRS, parents can send up to $ 250,000 during a financial year. If parents want to send more money than the fixed limit, then they will have to get permission from the Reserve Bank of India.

How to apply for TCS to send money for education in the country? Under LRS, parents can send up to Rs 7 lakh per year for education related expenses under TCS. If the dispatch for foreign education is Rs. 7 lakhs and a loan from an approved financial institution is financed through loans, 0.05 percent TCS will be imposed. Any dispatch of more than Rs 7 lakh for education purpose, which has not been obtained through loan, will have a 5 percent TCS.

Suppose you have sent Rs 9,00,000 abroad for education purpose under LRS in a financial year. If you do not get money through education loan, 5 percent TCS will be imposed on an amount of more than Rs 7 lakh. So, in this case the TCS amount {(9,00,000-7,00,000)*5/100} = Rs. 10,000 will be.

These are the current rates of TCS to send money through LRS for child education. High TCS rates will be applicable from 1 October 2023. However, if the expenditure is considered for educational purpose, there will be no change after this deadline. However, this cannot be said about other related expenses that do not clearly fall under the category of education expenses.

Share this story

SendShareShareTweetSharePinShareSend

Related Posts

सावन के इस पावन महीने में ट्राई कीजिए ये ट्रेडिशनल से लेकर ट्रेंडी चूड़ियों के डिज़ाइन, जो निखार देंगे आपका पूरा लुक
Lifestyle

Try these traditional to trendy bangles in this holy month of Sawan, which will enhance your full look

by Kavita Nagar
July 12, 2025
मच्छरों का सारा झुंड भागेगा घर से बाहर! इस घरेलू नुस्खे का असर ऐसा कि फिर नहीं सुनाई देगी भिनभिनाहट
Lifestyle

All the flock of mosquitoes will run out of the house! The effect of this home remedy is such that it will not be heard again

by Kavita Nagar
July 12, 2025
पैरेंट्स ज़रूर जानें: बच्चों से रोज़ाना कही जाने वाली ये 10 बातें बढ़ाएंगी उनका आत्मविश्वास, उनके साथ और भी मजबूत होगा आपका रिश्ता 
Lifestyle

Parents must know: These 10 things that are said to be said to children daily will increase their confidence, your relationship will be stronger with them

by Kavita Nagar
July 12, 2025

Latest News

Common Services Center will celebrate the completion of 16 years of digital empowerment
Business

Common Services Center will celebrate the completion of 16 years of digital empowerment

by Aaryan Srivastav
July 12, 2025
Nine cases of meningitis were reported in Nagaland, health department issued consultation
India

Nine cases of meningitis were reported in Nagaland, health department issued consultation

by Amit Tripathi
July 12, 2025
Bhojpuri: Hoi Gava Bazar Halla
Entertainment

Bhojpuri: Hoi Gava Bazar Halla

by Sandhya Hirani
July 12, 2025
Patna Backets Crime Capital after Gopal Khemka Now Shopkeeper Vikram Jha Murder | Jungle Raj Back in Bihar | Patna Crime News | , Crime Capital becomes Patna! Shopkeeper Vikram Jha was shot dead after Gopal Khemka; What is the return of 'Jungle Raj'? , News Track in Hindi
Regional

Patna Backets Crime Capital after Gopal Khemka Now Shopkeeper Vikram Jha Murder | Jungle Raj Back in Bihar | Patna Crime News | , Crime Capital becomes Patna! Shopkeeper Vikram Jha was shot dead after Gopal Khemka; What is the return of ‘Jungle Raj’? , News Track in Hindi

by Sandhya Hirani
July 12, 2025
AnyTV News

AnyTVNews is a prominent digital news channel in India, known for delivering the latest updates on politics, sports, entertainment, and local events. The channel’s dedicated team of journalists and reporters ensures that viewers receive accurate and timely information from every corner of country. AnyTVNews has built a reputation for its fast and reliable news service, making it a trusted source for the people of India. The channel’s programs and news bulletins are highly popular among viewers, establishing AnyTVNews as a significant player in the news landscape.

CONNECT WITH US

TRENDING TOPICS

  • Agriculture
  • Astrology
  • Automobiles
  • Business
  • DIY
  • Education
  • Election
  • Entertainment
  • Gadgets
  • Health
  • India
  • Internet
  • Lifestyle
  • Mobile
  • News
  • Opinion
  • Politics
  • Regional
  • Sports
  • Technology
  • Uncategorized
  • Viral News
  • World

READ NEWS IN

  • Hindi
  • Gujarati
  • English

FOLLOW US ON

Follow us on Google News
  • About Us
  • Advertise With Us
  • Disclaimer
  • DMCA Policy
  • Privacy Policy
  • Contact Us

© 2025 AnyTV News Network All Rights Reserved.

No Result
View All Result
  • Select Language
    • हिंदी
    • ગુજરાતી
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Lifestyle
  • Health
  • Automobiles
  • Education
  • Viral News
  • Agriculture
  • Astrology
  • Election
Follow us on Google News

© 2025 AnyTV News Network All Rights Reserved.