The Union Budget 2026 has made studying abroad even more affordable.\u00a0All\u00a0associated\u00a0taxes have now been reduced for students, and\u00a0the major changes have been made\u00a0with regard to\u00a0the\u00a0TCS that used to be charged at every major step in the study abroad journey.\u00a0\u00a0<\/p>\n\n\n\n
Some of the major changes include:\u00a0<\/strong><\/p>\n\n\n\n \u00a0Zero TCS on education loans from\u00a0recognised\u00a0financial institutions (Section 80E)\u00a0<\/p>\n\n\n\n \u27a1\ufe0f\u00a0Removal of earlier 0.5% TCS above \u20b97 lakh on loan-funded education\u00a0<\/p>\n\n\n\n \u27a1\ufe0f\u00a0TCS-free limit for self-funded students increased from \u20b97 lakh to \u20b910 lakh\u00a0<\/p>\n\n\n\n \u27a1\ufe0f\u00a0TCS reduced to 2% on amounts above \u20b910 lakh (earlier up to 5\u201320%)\u00a0<\/p>\n\n\n\n \u27a1\ufe0f\u00a0Lower\u00a0upfront cost during international university admissions\u00a0<\/p>\n\n\n\n \u27a1\ufe0f\u00a0Support for NEP 2020 hybrid education models (India to abroad transfer)\u00a0<\/p>\n\n\n\n \u27a1\ufe0f\u00a0Hybrid pathways can reduce total education cost by 20\u201340%\u00a0\u00a0<\/p>\n\n\n\n Students must note that these changes are\u00a0applicable from FY 2026\u201327\u00a0onwards, and students can avail themselves of these benefits starting from April 1, 2026.\u00a0\u00a0<\/p>\n\n\n\n The Union Budget was presented\u00a0by the Hon. Finance Minister of India,\u00a0Smt. Nirmala Sitharaman<\/a><\/strong>,\u00a0on February 1, 2026, provided great relief to students who wish to pursue education abroad.\u00a0Overall, students can expect to save at least \u20b95,00,000 to \u20b910,00,000 while paying\u00a0for their education abroad.\u00a0\u00a0<\/p>\n\n\n\n Students who are planning to fund their education through education loans can also expect the interest rates to\u00a0be\u00a0reduced\u00a0further.\u00a0\u00a0<\/p>\n\n\n\n University Living helps students get\u00a0accommodation\u00a0abroad at\u00a0affordable costs. Getting a place to stay abroad is a big hassle,\u00a0and students\u00a0generally face\u00a0a lot of problems along with the extra financial burden apart from the tuition fees;\u00a0therefore, the Union Budget\u00a02026\u00a0also helps students save on accommodation costs.\u00a0Click here to find your perfect home away from home only at University Living<\/a><\/strong>!\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" The Union Budget 2026 has made studying abroad even more affordable.\u00a0All\u00a0associated\u00a0taxes have now been reduced for students, and\u00a0the major changes have been made\u00a0with regard to\u00a0the\u00a0TCS that used to be charged at every major step in the study abroad journey.\u00a0\u00a0 Some of the major changes include:\u00a0 \u00a0Zero TCS on education loans from\u00a0recognised\u00a0financial institutions (Section 80E)\u00a0 \u27a1\ufe0f\u00a0Removal […]<\/p>\n","protected":false},"author":3,"featured_media":23146,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[942],"tags":[],"class_list":["post-23144","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news"],"_links":{"self":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/posts\/23144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/comments?post=23144"}],"version-history":[{"count":0,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/posts\/23144\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/media\/23146"}],"wp:attachment":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/media?parent=23144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/categories?post=23144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/tags?post=23144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Why is it\u00a0important\u00a0for Indian students?\u00a0<\/h2>\n\n\n\n
How does University Living Help\u00a0Students\u00a0Studying Abroad?\u00a0<\/h2>\n\n\n\n