Reviewed by Finin2min Editorial Desk · Last reviewed 11 August 2026
Track multiple remittances against the USD 250,000 resident-individual LRS limit and flag limit or eligibility issues.
Track annual LRS usage
LRS is a FEMA limit. TCS is a separate income-tax collection and does not increase the USD limit.
Remaining limit after current transaction
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Current INR equivalent
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How This Is Calculated
The Liberalised Remittance Scheme (LRS) allows resident individuals to remit foreign currency abroad up to an annual limit, for permitted purposes (education, travel, medical treatment, investment, gifts, etc.) — this tool tracks cumulative remittances already made in the year against the remaining headroom under the limit, and flags whether the current purpose is on the permitted list.
Frequently Asked Questions
Is the LRS limit per transaction or per year?
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Per financial year, cumulative — all remittances made under LRS across the year (for any permitted purpose, across even multiple banks) count against the same annual limit, not a separate limit per transaction or per purpose.
Can non-residents use the Liberalised Remittance Scheme?
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No — LRS is available only to resident individuals. NRIs remitting funds abroad follow a different framework (like NRO account repatriation rules), not the LRS.
Is there TCS on LRS remittances?
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Yes, generally — remittances under LRS above certain thresholds attract Tax Collected at Source (TCS), with the rate and threshold varying by the purpose of remittance (education, medical treatment, and other purposes are often treated differently) — see the site's LRS and Overseas Tour TCS Calculator for the specific computation.
Methodology, assumptions and sources
Scope: Tracks cumulative annual remittances under the Liberalised Remittance Scheme (LRS) against the currently prescribed USD 2,50,000 per financial year limit per resident individual.
Calculation logic
Sum all LRS remittances made by the individual during the financial year across all authorised dealer banks (since the limit is per individual, not per bank, requiring the individual to self-track cumulative usage across multiple banking relationships).
Check the running total against the USD 2,50,000 annual limit; flag remittances that would push cumulative usage beyond the limit as requiring specific RBI approval (which is generally not granted for purposes beyond the specified LRS categories) rather than being automatically permissible.
Categorise remittances by purpose (education, medical treatment, investment in foreign securities/property, gift, travel, maintenance of relatives abroad, etc.) since certain purposes have sub-conditions or documentation requirements beyond the aggregate limit itself.
Inputs and assumptions
The USD 2,50,000 limit is per resident individual per financial year, and is a scheme-wide aggregate limit (not per-purpose, except for certain specifically capped sub-categories like gift to non-relative) — the tracker applies this aggregate structure.
Remittances for specifically prohibited purposes under LRS (e.g., margin trading, lottery, banned magazines, purchase of FCCBs from the secondary market) are excluded from the scheme entirely, regardless of the limit, which the tracker flags where the user selects a prohibited purpose.
Exclusions and edge cases
Family members (e.g., spouse, each of whom has their own separate USD 2,50,000 limit) can each remit under their own individual limit — combining family limits for a single large remittance requires each family member to be a genuine remitter of their own funds, not a nominal pass-through, which the tracker notes as a compliance consideration rather than computing itself.
Does not itself execute or track the remittance with the bank — this is a planning tool; the authorised dealer bank independently verifies LRS compliance at the time of each remittance.