🏦 MAXIMUM LEGAL REMITTANCE TO PARENTS IN INDIA
As an NRI, here's what you need to know about sending money to your parents in India:
From USA to India: • No upper limit under FEMA regulations for gifts to relatives • Must be through official banking channels • Recipient's tax implications apply for very large amounts
For Indian Residents Sending Abroad: • Limited to $250,000/year under Liberalized Remittance Scheme • TCS (Tax Collected at Source) applies in certain cases
The key distinction: limits apply to outward remittances FROM India, not TO India. Your parents can receive any amount, but should be prepared to explain source if questioned by tax authorities.
Learn more: https://blog.remit2any.com/2025/05/01/how-much-money-can-i-send-to-my-parents-in-india-from-the-usa/
