Liberalised Remittance Scheme tax collection applies above the threshold, subject to education-loan, prior collection, and withholding exceptions.

Tax collection at source applies to aggregate remittances under the Liberalised Remittance Scheme exceeding the prescribed threshold, with an authorised dealer responsible for collection. A lower rate applies to education or medical-treatment remittances and a higher rate to other purposes. Collection is not required where tax has already been collected for the relevant overseas-tour-programme transaction, where an education loan from a specified financial institution funds the remittance, or where the buyer has deducted tax at source under another provision.

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