New Delhi, Feb 1 (IANS) Union Finance Minister Nirmala Sitharaman on Sunday announced in Union Budget 2026-27 that select outward remittances will get cheaper with Tax Collected at Source (TCS) on overseas tour packages and education and medical remittances cut to 2 per cent.Earlier, overseas tour packages used to attract TCS at 5–20 per cent, while overseas education and medical remittances (LRS) were taxed 5 per cent at source.The Budget 2026-27 cuts or exempts basic customs duties (BCD) and…
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