LRS Limit Tracker Calculator

The Liberalised Remittance Scheme (LRS) is the framework set by the Reserve Bank of India that lets every resident individual remit up to INR 250,000 per financial year abroad — for any combination of permitted current and capital account purposes. This tracker totals what you've already remitted this FY across every category, converts it to INR at your chosen rate, and shows the headroom you have left before hitting the cap (or before needing prior RBI approval to remit any more).

How the LRS cap actually works

The INR 250,000 ceiling is a single shared bucket across all permitted purposes combined. You don't get INR 250K for tuition and another INR 250K for investments — every overseas remittance under LRS adds to the same running total for the financial year (April 1 to March 31). The cap resets on April 1; unused headroom does not carry forward. Family members can pool individual limits — a household of four could collectively remit up to INR 1 million per FY — but each member's PAN must be used on the bank's Form A2 declaration separately. Authorized dealer banks track usage per PAN, not per family.

What LRS covers — the ten permitted purposes

Per RBI's Master Direction on LRS, resident individuals may remit for: (1) private visits abroad (excluding Nepal and Bhutan), (2) gift or donation, (3) going abroad on employment, (4) emigration, (5) maintenance of close relatives abroad, (6) business travel, (7) medical treatment abroad, (8) studies abroad — tuition, hostel, books, computer, (9) investment in shares / debt instruments / mutual funds / real estate abroad, and (10) donations to overseas charities. The scheme also covers loans to NRI relatives, opening foreign currency accounts overseas, and setting up wholly-owned subsidiaries / joint ventures abroad — within the same shared INR 250K cap.

What LRS does NOT cover

Several remittance categories sit OUTSIDE the LRS cap entirely: trade-related remittances (exports / imports — those follow merchant trade rules), gifts to NRIs / PIOs into their NRO accounts (these don't require any foreign currency conversion and don't hit the LRS bucket), and remittances to FATF non-cooperative jurisdictions (which are prohibited entirely under LRS, not merely capped). NRIs themselves are not eligible for LRS — they have a separate INR 1 million repatriation facility from their NRO balances.

TCS and compliance — the costs above LRS

Every LRS remittance attracts TCS (Tax Collected at Source) under Section 206C(1G) of the Income Tax Act — currently 5% on education / medical above ₹7 lakh, and 20% on other LRS purposes above ₹10 lakh per FY. TCS is collected by your bank at the time of remittance and shows up as a credit in your Form 26AS — you can claim it back when filing your ITR. The bank also requires PAN + a signed Form A2 declaration of purpose for every transaction. Above-cap remittances need prior RBI approval via your authorized dealer; FEMA penalties for unauthorized above-cap remittances can reach 3x the contravening amount.