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TCS drops for overseas students but hidden forex fees still haunt travellers after April 1
Economy
Published on 24 April 2026
RBI’s transparency promise doesn’t fully erase charges
India’s Budget 2026 cuts TCS on overseas remittances and tour packages, but travelers haven’t been fully freed from the cost maze. Starting April 1, the RBI requires complete fee disclosure for forex transactions, targeting decades of hidden charges and unfair exchange-rate practices. Still, the real test is whether disclosed totals become truly comparable across providers.
- Budget 2026 reduces TCS on overseas remittances and tour packages
- New RBI rules mandate full fee transparency for forex transactions
- Changes take effect from April 1 across regulated forex channels
- Clearer costs may still require scrutiny of total disclosed totals
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times