TCS Rate Increased in Budget w.e.f. 01/07/2023

Myself CA Sudesh Kumar Gupta explained in this video that in Union Budget 2023, what are changes take place regarding (Tax Collection at Source) TCS Rates u/s 206C (1G) of Income Tax Act 1961, regarding foreign remittance. There are four reasons to remit money out of India.

1. Remit Own Funds for Education / Medical Treatment (Applicable TCS Rates)
2. Remit Loan Funds for Education / Medical Treatment  (Applicable TCS Rates)
3. Remit Funds to Buy Foreign Tour Packages  (Applicable TCS Rates)
4. Remit Funds for any other reason like Property Purchase, Gifts to relative, Investment etc. (Applicable TCS Rates)

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Easy explanation about TCS rates