![]() ![]() Further TCS under section 206C(1G)(a) of the Income-tax Act, 1961 at the rate of 5% will be collected if the aggregate amount exceeds Rs. Tax Collection at Source (TCS) at the rate of 5% will be levied under section 206C(1G)(b) of the Income Tax Act on outbound tour services. This blocked rate will be valid for 2 working days. You may block foreign currency by paying 2% of total transaction value.You can further add/edit travellers in preconfirmation page which can impact the total amount. This amount is calculated considering one traveller.It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs. Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around. ![]() Travel money and possibly over 5% to 6% when sending money. The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for These fees is usually contained within the exchange rate margin (or difference to the mid-rate). However working against you are the fees all foreign exchange providers charge for providing their service. Generally speaking, if you are buying Canadian dollar with US dollar, then it's better for the USD/CAD exchange rate to be higher. The key is reducing excessive costs and fees
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