The non-refunded TCS will be reflected in the 26AS of the payer for claiming Income Tax credit. In the event of cancellation of services and refund of amount, Tax collected at source under section 206C(1G) of the Income Tax Act, 1961 shall not be refunded. The TCS collected will be reflected in the 26AS of the payer for claiming Income Tax credit. 7,00,000 in a financial year for remittance out of India under the Liberalised Remittance Scheme of the Reserve Bank of India. Further TCS under section 206C(1G)(a) of the Income-tax Act, 1961 at the rate of 5% will be collected if the aggregate amount exceeds Rs. Tax Collection at Source (TCS) at the rate of 5% will be levied under section 206C(1G)(b) of the Income Tax Act on outbound tour services. This blocked rate will be valid for 2 working days. You may block foreign currency by paying 2% of total transaction value.The highest denomination to ever circulate has been 10,000. You can further add/edit travellers in preconfirmation page which can impact the total amount. The currency code for the Indian rupee is INR, and the symbol is. This amount is calculated considering one traveller.Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. First Rate Exchange Services Ltd, a company registered in England and Wales with number 4287490 whose registered office is Great West House, Great West Road, Brentford, TW8 9DF, (Financial Services Register No. Post Office Travel Money Card is an electronic money product issued by First Rate Exchange Services Ltd pursuant to license by Mastercard International. Registered office: Finsbury Dials, 20 Finsbury Street, London, EC2Y 9AQ.įind out more information by reading the Post Office Travel Money Card's terms and conditions. Post Office Limited is registered in England and Wales. Post Office and the Post Office logo are registered trademarks of Post Office Limited. Post Office Travel Money is provided by First Rate Exchange Services. Indian Rupee exchange rates displayed on this page are updated every. Travel money in-branch terms and conditions Welcome to Exchange Rates Indian Rupee current rate & live currency converter page.

Please read the Post Office Travel Money terms and conditions. GBP value Min online spend £400, max £2,500

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