When you send money from India under the Liberalised Remittance Scheme (LRS), the bank collects Tax Collected at Source (TCS) on the part above the ₹10 lakh yearly threshold. Enter an amount, financial year and purpose to see the rate applied, the TCS payable, and the amount that reaches Australia in AUD. TCS is a prepaid tax you can claim back — not a fee.
Course fees or medical treatment paid without a qualifying education loan.
The LRS annual cap is $250,000 per person per financial year. This remittance is about $15,625 — within the cap. USD comparison uses an indicative 1 USD ≈ ₹96; the cap is set in USD by the RBI.
| Amount remitted | ₹15,00,000 | $22,278 |
| TCS-free threshold (FY2026-27)Aggregate across all LRS remittances this financial year | ₹10,00,000 | $14,852 |
| Amount subject to TCS (above threshold) | ₹5,00,000 | $7,426 |
| TCS rate appliedEducation or medical — self-funded | 2% | |
| TCS collected upfront | ₹10,000 | $149 |
| Amount received in AustraliaTCS is collected on top — it does not reduce what reaches the beneficiary | ₹15,00,000 | $22,278 |
| Total you pay in India (amount + TCS) | ₹15,10,000 | $22,427 |
| Effective TCS rate (TCS ÷ amount) | 0.67% | |
AUD shown at 1 AUD ≈ ₹67.33 (RBA) — rate as of 24 July 2026. Exchange rates move daily.
TCS is not a fee. It is a prepaid tax the bank collects at the time of remittance and deposits against your PAN. You can generally claim it back as a credit against your Indian income tax, or as a refund, when you file your return. The full amount you remit still reaches the beneficiary in Australia.
Rates as at 15 Jul 2026 — sources: incometaxindia.gov.in and RBI (LRS cap). India's TCS-on-LRS rules changed at the 2025 and 2026 Budgets — confirm the current rates before relying on this calculator.
