Finance Minister Nirmala Sitharaman lowered the TCS on overseas tour packages to 2 per cent, removing earlier thresholds. At present, a 5 per cent TCS applies to spending up to Rs 10 lakh in a financial year, while amounts exceeding Rs 10 lakh attract a 20 per cent levy. 

From foreign travel to F&O trades: Union Budget brings BIG changes for taxpayers—Check details inside

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From foreign travel to F&O trades: Union Budget brings BIG changes for taxpayers—Check details inside