New Delhi, February 1, 2025: In a significant relief for students and parents, the government has announced an exemption from Tax Collected at Source (TCS) for foreign remittances made for educational purposes. This move is aimed at reducing the financial burden on families who send funds abroad for tuition fees and other educational expenses.
The decision has been welcomed by education sector stakeholders, who believe it will encourage more students to pursue higher education overseas without additional tax implications. Officials highlighted that this exemption underscores the government’s commitment to supporting the aspirations of young learners.
