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US Education Fees: Remittance Limits & TCS
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Created December 19, 2025About this video
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0:00
My son got admission to a university in the US, but the fees are high.
0:03
Is there a limit to how much I can send him? Congratulations. Yes,
0:06
under the liberalized remittance scheme, every resident Indian can send up to 250,000 dollars,
0:12
which is approximately Rupees 2.1 crores per financial year. That's a big relief, but does it attract
0:18
a lot of tax? There is a small tax collected at source, but here is a tip.
0:23
If you take an education loan from a bank, the TCS rate is very low, usually up to 0.5%
0:30
for amounts over seven lakhs.
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