If your remittance under LRS exceeds Rs. 7 lakh in a year for purposes other than education or medical treatment, the TCS will be 20%. For example, if you're remitting Rs. 9 lakh for a property purchase overseas, you'll pay TCS of Rs. 40,000 (20% of Rs. 2 lakh) on the Rs. 2 lakh that exceeds the Rs. 7 lakh limit.