Union Budget trims TCS, simplifies TDS to ease burden on taxpayers
- Posted on February 1, 2026
- By Business News Today
- 5 Views
Union Budget trims TCS, simplifies TDS to ease burden on taxpayers
The budget simplifies tax collection with revised Tax Collected at Source (TCS) rates, significantly benefiting overseas travelers, students, and those seeking medical treatment abroad. Changes include a reduced 2% TCS on education, medical, and tour packages under ₹10 lakh, easing upfront costs.
