Foreign Transactions & Tax

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Last updated: 21 August 2026

Charges

Markup 2-3.5% + 18% GST on fee. Full guide.

Example

$100 (₹8,400): markup ₹294 + GST ₹53 → ₹8,747. ~4.1% extra.

TCS

5% on international spends above ₹7L/year (liberalized remittance).

Frequently Asked Questions

Q: Tax on foreign?

A: TCS 5% above ₹7L/year.

Q: Avoid fx fee?

A: No-FX-fee cards (Niyo, Scapia, Uni).

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