The regular remittance by students for education purposes is not expected to have any major impact post October 1 TCS changes. The way to navigate this for students is to get zero forex international cards that have no TCS applicable up to aggregate Rs. What’s the impact of TCS on international travel packages? The best option for students and leisure travellers is to take international cards that come with zero forex markup feature. If a prepaid forex card is taken, then one needs to pay 20% TCS.

Source: Mint October 01, 2023 13:22 UTC