How this site's figures are produced

The threshold and the rate are quoted from the operative text of the Finance Act 2025 and from the rate in force since October 2023, with the dates stated beside them. The ceiling on remittances is the Reserve Bank's, stated per individual per financial year.

Why the enacted text is read rather than the explanatory memorandum

The explanatory memorandum to the Bill does not mention the scheme at all. A memorandum explains selected provisions, and its silence proves nothing. The Bill's own text is what was read, because that text is the law once enacted and the memorandum is not. A reader who relies on the memorandum can miss a provision the drafters chose not to explain.

When two independent rate sources disagree, the figures are not updated. The disagreement is left visible rather than papered over, and the columns carry the last rate on which the two sources agreed. This is a deliberate limit: a rate that cannot be confirmed is not a rate a reader should act on.

Why a table of a year's remittances is the honest unit when the threshold is cumulative

The threshold applies to the financial year as a whole and not to each transfer. A table built on one remittance would mislead a reader who sends money twice, because the second transfer crosses a threshold the first did not. The year is the unit the law uses, so the table is built on the year's total rather than on one remittance.

This also means the table cannot show the cost of a single planned purchase unless the reader knows the year's total already. A reader who has sent nothing else can read the first row as the cost of that one transfer. A reader who has sent earlier money must add it, and the table's shape makes that addition impossible to forget.

What a bank adds to the exchange rate is not published by any of them

The collection at source is published to the rupee, and that is the column this site can compute. The margin a bank adds to the exchange rate it gives is not published by any of them, so no column here carries it. A reader can compute one and cannot compute the other, and the table is honest about that difference.

This site does not estimate the margin, because an estimate would be a number invented by this desk. The table carries only what the rule states and what the two rate sources agree on. The unpublished margin is a fact of the market, not an omission here, and a reader who wants it must ask the bank before the transfer.

What the table does and does not tell a reader

The table shows the arithmetic of the rule as enacted: nothing is collected up to the yearly threshold, a fixed share of everything above it is, and the share of the whole year's remittance that is held back rises as the amount rises. It does not show the refund, because the refund depends on the reader's income and the filing date.

The table is not advice. It is the rule recalculated into rupees and dollars at a live rate, and it is meant to be read before a transfer, not after. A reader who uses it to plan a purchase should have the year's total in hand, and should ask the bank for the exchange rate it will actually give.