Remit up to USD 250,000 abroad per year; TCS applies above ₹7 lakh; maintain documentation for compliance.
This infographic summarizes tax rules for sending money abroad from India. Under LRS, residents can remit up to USD 250,000 per year. TCS applies to remittances exceeding ₹7 lakh, with varying rates for education and other purposes. Remitted amounts from taxable income must be reported in the ITR. Banks require PAN and Form A2, and large transfers are monitored for compliance.