{"id":27986,"date":"2026-02-01T12:17:42","date_gmt":"2026-02-01T12:17:42","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2026\/02\/01\/budget-2026-overseas-tour-packages-to-get-cheaper-with-lower-tcs\/"},"modified":"2026-02-01T12:17:42","modified_gmt":"2026-02-01T12:17:42","slug":"budget-2026-overseas-tour-packages-to-get-cheaper-with-lower-tcs","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2026\/02\/01\/budget-2026-overseas-tour-packages-to-get-cheaper-with-lower-tcs\/","title":{"rendered":"Budget 2026: Overseas tour packages to get cheaper with lower TCS"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>In a big announcement for international\u00a0travellers, the Union Budget 2026 has significantly eased the cost of travelling abroad for Indians. Union Finance Minister Nirmala Sitharaman on Sunday, February 1, announced a reduction in the Tax Collected at Source (TCS) on certain overseas payments under the\u00a0Liberalised\u00a0Remittance Scheme (LRS), making international travel more affordable.<\/p>\n<p><a href=\"https:\/\/www.cnbctv18.com\/budget\/budget-2026-live-updates-fm-nirmala-sitharaman-india-union-budget-speech-today-income-tax-slabs-key-annoucments-liveblog-19838191.htm\">Sitharaman<\/a> has proposed that TCS on overseas tour\u00a0packages to\u00a0be reduced to 2%, from the earlier slab-based rates of 5% and 20%, with no minimum\u00a0threshold.<\/p>\n<p>This means that TCS on international tour\u00a0programmes\u00a0will come down to a flat 2% from the existing 5% and 20% rates under the new rules, while there will be no condition of\u00a0minimum\u00a0amount.<br \/>This applies across all<a href=\"https:\/\/www.cnbctv18.com\/budget\/budget-income-tax-collected-source-tcs-lrs-rates-cut-overseas-travel-education-medical-remittances-ws-l-19838578.htm\"> international travel bookings<\/a> and could reduce the tax burden at the time of purchase.<\/p>\n<p>&#8220;I propose to reduce\u00a0TCS\u00a0rate on the sale of overseas tour program\u00a0package\u00a0from the current 5% and 20% to 2% without any stipulation of amount,&#8221; she said.<\/p>\n<p><a href=\"https:\/\/www.cnbctv18.com\/budget\/govt-to-create-network-of-over-1000-accredited-clinical-trial-sites-says-fm-ws-l-19838806.htm\">The Budget 2026<\/a> also proposes to reduce tariff rate on all dutiable goods imported for personal use from 20% to 10%, while the basic customs duty on 17 drugs\/medicines is to be exempted. It also announced duty free personal import of drugs\/medicines and food for seven more rare diseases.<\/p>\n<p>Moreover, it proposes to revise provisions governing baggage clearance during international travel. &#8220;Revised rules to enhance duty-free allowances in line with the\u00a0present day\u00a0travel realities,&#8221; it highlights.<\/p>\n<p>Similarly, the\u00a0Finance Minister\u00a0has proposed that TCS on education and medical remittances under the LRS route should be cut from 5% to 2%.<\/p>\n<p>&#8220;I propose to reduce TCS rate for pursuing education and for medical purposes under the Liberalised Remittance Scheme (LRS) from 5% to 2%,&#8221; she said in Parliament.<\/p>\n<p>The reduction of TCS on overseas tour packages as well as on education and medical remittances under LRS to 2% is expected to ease down cash-flow pressure for individuals, making it affordable for more people to fulfill their wishes of foreign travel and studying abroad.<\/p>\n<p>Reducing the TCS on overseas tour packages will not only make international bookings\u00a0cheaper, but\u00a0will also make it less complicated for the\u00a0travellers\u00a0across the country.<\/p>\n<p>Besides this, Sitharaman also announced various things for Indians living abroad, noting that they will be able to invest more freely in equity instruments.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.cnbctv18.com\/travel\/budget-2026-overseas-tour-packages-to-get-cheaper-with-lower-tcs-ws-l-19838821.htm\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a big announcement for international\u00a0travellers, the Union Budget 2026 has significantly eased the cost of travelling abroad for Indians. Union Finance Minister Nirmala Sitharaman on Sunday, February 1, announced a reduction in the Tax Collected at Source (TCS) on certain overseas payments under the\u00a0Liberalised\u00a0Remittance Scheme (LRS), making international travel more affordable. Sitharaman has proposed&#8230;<\/p>\n","protected":false},"author":1,"featured_media":27987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"class_list":["post-27986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-travel"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/27986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=27986"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/27986\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/27987"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=27986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=27986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=27986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}