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Field notes from the foreign exchange.
Plain-language essays on currency markets, cross-border payments, personal finance, and the strange economics of moving money. Written by FX nerds, no markup, no fluff.
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Personal Finance
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Apr 30, 2026
TCS on Foreign Remittance: Rates, Rules and Exemptions (2025–26)
f you send money abroad from India — for education, travel, investment, or any other purpose — the bank collects a tax called TCS. Here's exactly how it works, what the current rates are after Budget 2025, and how to get your money back at tax time.
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