US Investing
TCS on LRS (Rates & Refunds)
20% collected above ₹10L/year — adjustable, not extra tax.
Banks collect 20% TCS on foreign remittances above ₹10 lakh per FY (education/medical have lower thresholds and rates). It's credited against your income-tax liability and refunded if you owe less — but the cash stays locked till filing. Plan remittance timing across financial years.
Example
Remit ₹15L for US stocks: ₹1L TCS collected (20% of ₹5L), adjusted at filing.