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2025-02-02 11:27:21 am | Source: GradRight
Union Budget 2025 : Education Sector By Aman Singh, Co-Founder, GradRight
Union Budget 2025 : Education Sector By Aman Singh, Co-Founder, GradRight

Below The Union Budget 2025 : Education Sector By Aman Singh, Co-Founder, GradRight 

 

"The government's proposal to remove TCS on remittances for education, when funded through education loans, is a much-needed relief for Indian students and their families. The increase in the TCS exemption limit under the Liberalised Remittance Scheme (LRS) from Rs.7 lakh to ?10 lakh will further ease financial strain on those supporting higher education abroad. Eliminating TCS on education loans up to Rs.10 lakh from specified financial institutions ensures that students can pursue global learning opportunities without additional tax-related concerns. By reducing financial barriers, this policy reinforces India’s commitment to world-class education. We commend these steps, which align with the aspirations of thousands of Indian families striving to provide the best opportunities for their children."

 

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