The Union Budget 2026-27, revealed by Finance Minister Nirmala Sitharaman, brings significant reforms for Indian medical students and aspirants. The developments are important, especially for those aiming to study MBBS abroad. Here’s what you need to know.
A major highlight is the reduction of Tax Collected at Source (TCS) on foreign remittances under the RBI’s Liberalised Remittance Scheme (LRS) from 5% to 2% for education and medical expenses.
Why it matters: Indian students going abroad often transfer large sums for tuition, living costs, or visa-related blocked accounts. Lower TCS reduces upfront tax, improves cash flow, and makes studying overseas more financially manageable.
Reports and experts say this move could encourage more families to pursue overseas medical education. This eases financial stress during critical stages of admission and clinical training.
Budget 2026 also invests heavily in domestic healthcare and medical education, including:
This growth means more internships, research opportunities, and career prospects within India.
Union Budget 2026 makes studying medicine abroad more affordable while strengthening India’s healthcare and medical training. It provides students with broader opportunities and easier access to quality education.
