Track your Liberalised Remittance Scheme (LRS) annual cap of USD 250,000 per individual per financial year across all categories — education, medical, investment, gifts, travel. Shows remaining limit + breakdown by purpose.
Reviewed by the CalculatorKosh Editorial TeamUpdated June 2026Free · No sign-up
LRS Limit Tracker Calculator
Track your Liberalised Remittance Scheme (LRS) annual cap of USD 250,000 per individual per financial year across all categories — education, medical, investment, gifts, travel. Shows remaining limit + breakdown by purpose.
Remittances this FY by purpose
Apr–Mar · shared USD 250 K cap
Tuition, hostel, books, computer
Hospital, surgery, follow-ups
Foreign stocks, MFs, property
Excludes Nepal / Bhutan
Gifts to relatives / overseas charities
Close relatives abroad
Any other permitted purpose
Exchange rate
Used to convert your ₹ remittances to USD against the USD 2.5L LRS cap
Remaining LRS limit
(($28,571 of $250,000 = 11.4% used this FY · ≈ ₹1.86 Crore remaining))
LRS limit remaining: $221,429. 11.4% of the USD 250,000 annual cap used so far.LRS cap
$250,000
≈ ₹2,10,00,000
Total used
₹24.0 L
≈ $28,571 · ₹24.00 Lakh
Remaining
₹1.86 Cr
≈ $221,429
% used this FY
11.4%
11.4% of the FY cap used — substantial headroom remaining.
Category breakdown
| Category | INR | USD | % of cap |
|---|---|---|---|
| Education | ₹15,00,000 | $17,857 | 7.1% |
| Investment | ₹5,00,000 | $5,952 | 2.4% |
| Travel | ₹3,00,000 | $3,571 | 1.4% |
| Gift / donation | ₹1,00,000 | $1,190 | 0.5% |
| Medical treatment | ₹0 | $0 | 0.0% |
| Maintenance | ₹0 | $0 | 0.0% |
| Other | ₹0 | $0 | 0.0% |
| Total used | ₹24,00,000 | $28,571 | 11.4% |
Remittances by category
What LRS covers — 10 permitted purposes▼
- Private visits abroad (excluding Nepal and Bhutan)
- Gift or donation
- Going abroad on employment
- Emigration
- Maintenance of close relatives abroad
- Business travel (overseas business trip)
- Medical treatment abroad
- Studies abroad — tuition, hostel, books, computer
- Investment — shares, debt instruments, mutual funds, real estate abroad
- Donations to overseas charities
Source: RBI Master Direction on the Liberalised Remittance Scheme for Resident Individuals.
What LRS does NOT cover (count separately)
- Trade-related remittances — exports and imports (follow merchant trade rules, not LRS)
- Gifts to NRIs / PIOs into their NRO accounts (no forex conversion, doesn't hit LRS cap)
- NRO-to-NRO transfers within India (purely domestic)
- Remittances to FATF non-cooperative jurisdictions (prohibited entirely, not capped)
- NRIs themselves are not eligible — they use the separate USD 1 million per FY NRO repatriation facility
Next: calculate TCS on your remittance
Use the TCS Foreign Remittance Calculator to see Section 206C(1G) TCS on your next LRS transaction — nothing up to ₹10 L per FY, then 5% on education / medical and 20% on most other purposes above ₹10 L. Open calculator →
How It Works
The Liberalised Remittance Scheme (LRS) is the framework set by the Reserve Bank of India that lets every resident individual remit up to USD 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 USD 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 USD 250,000 ceiling is a single shared bucket across all permitted purposes combined. You don't get USD 250K for tuition and another USD 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 USD 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 USD 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 USD 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 — since 1 April 2025 a single ₹10 lakh per-FY threshold applies to all purposes: no TCS up to ₹10 lakh, then 5% on education / medical and 20% on other LRS purposes above ₹10 lakh (education funded by a loan from a recognised institution is NIL TCS). 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.
Sources & method
EMIs use the standard reducing-balance method used by Indian banks and NBFCs; rate context follows the RBI. Based on the Reserve Bank of India. See how we calculate.
Frequently Asked Questions
The Liberalised Remittance Scheme is a Reserve Bank of India framework under FEMA, 1999 permitting every resident individual — including minors — to remit money abroad up to USD 250,000 per financial year (April to March) for any combination of permitted current and capital account transactions. Introduced in February 2004 with an initial cap of USD 25,000, the limit was progressively raised and currently sits at USD 250,000 per individual per FY (effective from June 1, 2015 vide A.P. (DIR Series) Circular No. 106). All remittances under LRS require PAN and Form A2 declaration through an authorized dealer bank.
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