Financing an international master's degree in the US, UK, Canada, or Germany: tuition fee wire transfers, living expense blocked accounts, and visa sanction letters.
Forex Remittance & TCS Exemption
Under the Liberalised Remittance Scheme (LRS), education remittances funded by an education loan from an authorized financial institution attract a concessional Tax Collected at Source (TCS) rate of just 0.5% for amounts exceeding ₹7 Lakhs.