LRS Tracker. & TCS.
Track foreign remittances against the $250,000 annual LRS limit, and see exactly when — and how much — TCS kicks in above ₹7 lakh.
How much of your LRS limit is left?
Enter what you've remitted this year by purpose. We'll track it against the $250,000 cap and flag any TCS.
The LRS limit and TCS, explained
The Liberalised Remittance Scheme lets resident individuals send up to USD 250,000 abroad per financial year. Once cumulative remittances cross ₹7,00,000, tax collected at source (TCS) applies — generally 20% on the amount above the threshold, adjustable against your income tax.
Indian SaaS context: The cap is in dollars but the TCS trigger is in rupees, so a falling rupee pulls more remittances into TCS. Education and medical purposes enjoy lower TCS rates; this tracker uses the general 20% rate as a conservative estimate.
Frequently asked questions
What is the LRS limit?+
Under the RBI's Liberalised Remittance Scheme, a resident individual can remit up to USD 250,000 per financial year for permitted purposes — education, investment, travel, maintenance of relatives, gifts and more — combined across all of them.
When does TCS apply on foreign remittances?+
TCS applies once your total LRS remittances in a financial year cross ₹7,00,000. The general rate is 20% on the amount above ₹7L. Education funded by a loan (0.5%) and education/medical (5% above ₹7L) attract lower rates — this tool uses the general 20%.
Is the threshold in rupees or dollars?+
The ₹7,00,000 TCS threshold is set in rupees by the Finance Act — that's the legal figure. Its dollar equivalent shifts daily with the exchange rate, so we derive it live rather than fixing a USD number.
Estimates only. TCS rates vary by purpose (education/medical/loan-funded are lower) and TCS is adjustable against your tax liability. Confirm with your bank and a tax advisor.