Lower TCS on foreign education remittances reduce cash-flow stress, says Ankit Mehra of GyanDhan
The Budget 2026’s decision to cut TCS on overseas education remittances from 5% to 2% is set to ease immediate liquidity pressure on middle-class families. Ankit Mehra, CEO & Founder of GyanDhan, says the move reduces upfront capital blockage and restores rational financing decisions for students studying abroad. He added that the reform addresses the timing mismatch in tax collection that had strained household cash flows.
The Budget 2026’s decision to cut TCS on overseas education remittances from 5% to 2% is set to ease immediate liquidity pressure on middle-class families. Ankit Mehra, CEO & Founder of GyanDhan, says the move reduces upfront capital blockage and restores rational financing decisions for students studying abroad. He added that the reform addresses the timing mismatch in tax collection that had strained household cash flows.
What's Your Reaction?
Economist Admin
Admin managing news updates, RSS feed curation, and PR content publishing. Focused on timely, accurate, and impactful information delivery.
