Navigating 20% TCS: Smart tips for your overseas holiday this summer

Reduce trip duration if necessary, use prepaid forex card to nullify currency fluctuation, buy adequate insurance


Illustration: Binay Sinha

Sarbajeet K Sen
Those planning overseas travel got a rude shock when the government announced a 20 per cent tax collection at source (TCS) from July 1, 2023, on foreign travel related expenditures

Also Read

PAN-Aadhaar link status: Are your cards already linked? Learn how to check

Your credit card payments overseas will attract a 20% TCS from July 1

Fintech Stripe debuts charge card program in US; soon to launch in UK, EU

TCS Q4 review: Near-term growth to moderate, demand levers intact: Analysts

Top card cos to go live with UPI-linked RuPay credit card feature by June

Should you opt for one large fixed deposit or multiple smaller FDs?

In debate over NPS and EPFO returns, one retirement fund edges ahead

Why spate of bank deposit rate hikes could be a thing of the past

Debt mutual funds or FDs: What should you pick given RBI status quo?

Course, institute determine lender's willingness to offer an education loan

First Published: Jun 9 2023 | 5:46 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to