Finance
Sock JohnsonBudget 2026: TCS Slashed for Education and Medical Expenses!
The government just dropped a bombshell in Budget 2026! Finance Minister Nirmala Sitharaman announced a massive TCS reduction from 5% to 2% for education and medical remittances. And wait for it—overseas tour packages are getting the same treatment! Families, it’s time to save big and plan like champions! This is a game-changer for those overseas expenses!
few days ago | Surbhi Gloria Singh
Quick rundown
1.Union Budget 2026 slashes TCS rates for overseas remittances.
2.TCS on education and medical remittances cut to 2%.
3.Travel remittances see a significant TCS reduction.
4.TCS is adjusted against final income tax liability.
5.Budget changes aim to ease financial planning for families.
