Tax Collected at Source (TCS) for Outbound/International Tour Packages to be paid additional over and above the mentioned tour cost. Calculation will be as below:
Tax Collection at Source (TCS) at the rate of 5% up to outbound tour of INR 10 lakh and 20% beyond INR 10 lakhs per individual payer per annum will be levied under section 206C(1G)(b) of the Income Tax Act on outbound tour services. The TCS collected will be reflected in the 26AS of the passenger whose name receipt is raised (Payer/s for the package) for claiming Income Tax credit.
In case of no Income Tax Payable against your PAN, you can claim the refund of the TCS amount at the time of filing your IT returns.
