Minimum Taxable Value: ₹250/-
Slabs: Up to ₹1 Lakh: 1% of Forex Value Above ₹1 Lakh up to ₹10 Lakh: 0.50% of the additional value Above ₹10 Lakh: 0.1% of the additional value
Examples: For a Forex value of ₹2,000 (quantity: 100, rate: 20), the taxable value is ₹250 (minimum). For a Forex value of ₹90,000 (quantity: 1,000, rate: 90), the taxable value is ₹900 (1% of ₹90,000). For a Forex value of ₹200,000 (quantity: 1,000, rate: 200), the taxable value is ₹1,000 (1% of ₹100,000) + ₹500 (0.5% of additional ₹100,000). For a Forex value of ₹2,000,000 (quantity: 10,000, rate: 200), the taxable value is ₹1,000 (1% of ₹100,000) + ₹4,500 (0.5% of additional ₹900,000) + ₹1,000 (0.1% of additional ₹1,000,000). Total Taxable Value would be ₹6,500.