TCS Charges and Guidelines are common for all International Debit Cards. Please find details below:
• International Spends across all accounts registered with your PAN Card < 7 Lakhs will have no TCS deductions. Any TCS deducted will be refunded instantly.
• International Spends across all accounts registered with your PAN Card > 7 Lakhs will have upfront TCS deduction of 20% on the Transaction amount. (This can be refundable while filing ITR)
Note: Currently Total International Spend Limit for Niyo SBM Debit Card is 5 Lakhs for FY 2024-2025.
What is TCS (Tax Collected at Source)? Print
Modified on: Wed, 22 May, 2024 at 4:18 PM
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