![New TCS rates to apply from October 1](https://images.assettype.com/fortuneindia%2F2023-05%2F04f7dbe1-e615-44b8-9da0-698a52730a8e%2Fcredit_cards.jpg?rect=0,0,2121,1061&w=300&q=95)
New TCS rates to apply from October 1
For the first ₹7 lakh remittance under LRS, there won't be any TCS
For the first ₹7 lakh remittance under LRS, there won't be any TCS
Payments by an individual using their international debit or credit cards up to ₹7 lakh per year will be excluded from LRS, says Ministry of Finance