Finance

How Much Will the 1% Remittance Tax Cost You?

Built by Kevin Glover · @gloverbuilds · Verified formula

The OBBBA added a 1% excise tax on certain international money transfers. Calculate the cost — and learn which transfer methods are exempt.

📅 Updated April 2026 ✅ Formula verified 📖 4 min read 🆓 Free · No sign-up

In this article

What Is the 1% Remittance Tax?
What Is Exempt (and How to Avoid the Tax)
Who Is Affected Most
Compliance and Enforcement

1% शुल्क

OBBBA ने US से कुछ अंतरराष्ट्रीय ट्रांसफर पर 1% शुल्क लगाया। बैंक ट्रांसफर exempt हैं। Western Union/MoneyGram पर लागू।

भारत के लिए

भारत दुनिया का सबसे बड़ा रेमिटेंस प्राप्तकर्ता है ($100+ बिलियन/साल)। LRS (Liberalised Remittance Scheme): भारत से बाहर $250,000/साल भेज सकते हैं। TCS: ₹7 लाख से ऊपर विदेशी रेमिटेंस पर 20% TCS (refundable)। UPI और IMPS ने घरेलू ट्रांसफर क्रांतिकारी बनाया।

⚡ CalcWolf Insight

The original OBBBA draft proposed a 5% remittance tax, which was negotiated down to 3.5% in the House and finally 1% in the Senate. The narrow scope — only cash-funded transfers — means most digitally-initiated remittances are unaffected.

Frequently asked questions

भारत से विदेश भेजने पर टैक्स?▾

₹7 लाख से ऊपर: 20% TCS (ITR में refundable)। LRS लिमिट: $250,000/साल।

NRI से भारत आने पर?▾

भारत में रेमिटेंस प्राप्त करने पर कोई टैक्स नहीं।

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Kevin Glover · @gloverbuilds

Founder, CalcWolf · GLVTS · Blickr

All formulas sourced from primary references — IRS publications, peer-reviewed research, and official standards. Results are tested against independent reference calculators before publishing. Rates and brackets updated when official sources change. Editorial policy →