Category: Tax and compliance

  • TCS on Education Loan vs Self-Funded Remittance: 0% vs 2%

    From 1 April 2026, education remittances funded by a Section 80E loan carry 0% TCS and self-funded ones 2% above INR 10 lakh. Which loans qualify, and a worked INR 30 lakh split. TCS on Education Loan vs Self-Funded Remittance: 0% vs 2% Explained If your overseas tuition is paid out of an education loan…