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TCS (Tax Collected at Source) is mandatory for International Holiday Packages

As per Govt rules, 5% TCS will be applicable on spends towards International Holiday packages for cumulative spends (within or outside WorldTripPlan) up to Rs 10 Lakhs in a financial year and @20% for incremental spends beyond Rs 10 Lakhs in the same financial year.
TCS is neither a cost nor additional tax, it can be fully adjusted against income tax liability and excess, if any, can be claimed as refund.
How to claim your TCS?

Verify your TCS credit

TCS credit would automatically reflect in your Form 26AS on quarterly basis.

Claiming your credit

TCS can be fully adjusted against the income tax payable on any other income such as interest, rent, capital gains, etc.

Claim refund

In case there is no income tax payable, you can claim the refund of TCS amount at the time of filing your IT return.

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