In Budget 2023-24, the government announced a tax collection at source (TCS) of 20 per cent on foreign tour packages.
A couple of days ago, a lot of controversy erupted over credit card payments being brought under the ambit of liberalised remittance scheme (LRS), which meant that credit card payments made abroad would also attract a TCS of 5 per cent without any threshold.
We have, however, seen a partial rollback with international debit and credit card spends of up to Rs 7 lakh now being made exempt from TCS.
However, foreign trips still remain expensive, especially with the rupee falling against the dollar.
For travellers from India, exploring places where the Indian rupee holds a stronger position can make for an even more delightful vacation.
Here, we present five destinations where the Indian rupee’s strength will allow you to experience more without breaking the bank.
Sri Lanka
Re 1 = 3.69 Sri Lankan Rupee
Sri Lanka, the pearl of the Indian Ocean, enchants visitors with its pristine beaches, lush tea plantations, and vibrant cultural heritage. The Sri Lankan rupee offers excellent value for the Indian rupee, allowing Indian travellers to indulge in luxurious resorts, sample authentic cuisine, and embark on wildlife safaris without straining their budget.
Whether it’s exploring the ancient ruins of Sigiriya, visiting the sacred Temple of the Tooth in Kandy, or relaxing on the golden shores of Mirissa, Sri Lanka provides a captivating and affordable experience.
Discover its historical sites, vibrant festivals, and abundant wildlife while enjoying the favourable exchange rate.
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