As per the regulations, in any financial year, if your international debit transactions (payments/spending) are more than Rs. 7 Lakhs, then a fee of 20% (as of 1st October 2023) will be charged on the amount exceeding Rs. 7 Lakhs (on the debits after the Rs. 7 Lakh limit is met). This charge is called TCS (Tax Collected at Source).

For multiple international transactions made in a day, the TCS is not deducted on every transaction but instead deducted at the end of the day on the total of all debits for the day.