TCS Budget 2026 Brings Major Financial Relief for Indian Students Planning to Study Abroad
The TCS Budget 2026 has reduced Tax Collected at Source (TCS) on education remittances from 5% to 2%, easing financial pressure on Indian students planning to study abroad. Families sending funds for tuition and living expenses will now retain more liquidity, making overseas education more accessible. The change under the Liberalised Remittance Scheme (LRS) is expected to benefit self-funded students and simplify compliance.
