As per the usual schedule, employers issue Form 16 around mid-June, i.e before June 15. For FY 2023-24 (assessment year 2024-25), Form 16 should be issued by June 15, 2024.
Under LRS, a resident individual is allowed to remit up to $250,000 per financial year for any permitted current or capital account transaction or a combination of both.
NRIs are required to update all bank accounts, meet KYC (know your customer) norms, file income tax and make investments as per the new residential status acquired by them.