Mathematics · Financial Aptitude - TCS Calculation under LRS

Ananya, a resident Indian student, has secured admission to an MBA program in Canada. The first-year cost is $80,000. She obtains an education loan of $40,000 from a scheduled commercial bank in India under Section 80E, and the remaining $40,000 is funded by her father from personal savings. She remits the entire $80,000 on May 15, 2025. Under the Finance Act 2025 guidelines (where an exemption threshold of ₹10 lakh applies to the aggregate LRS remittances, with TCS at 0.5% for education amounts funded via loan and 5% for education amounts funded via self-savings), calculate the total TCS applicable given an exchange rate of ₹82 per US Dollar.