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NRI TAX RATE.as applicable on NRO Saving Bank a/c & FD interest

This query is : Resolved 
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(Querist)
25 July 2025 Sir,

AS NRI an Individual has earned interest income of Rs 240000 on his NRO-Saving Banik a/c and NRO-FDs during FY2024-25 (AY2025_26 ) i.e current assessment year. Bank has already deducted TDS @30% under Section 195 of ITax . He has no other income in India.
Now following query -

1. Is this interest income is to be taxed at slab rates OR is to be taxed at Any Specific Special Rates ( if applicable).

2.Will he be entitled to refund of total TDS by filing ITR-2 ( as his India Income is well below Taxable Limit )

3. He is having a residential flat in India and which is self-occupied (Not Rented and No rental income ). Will he still be required to fill-up House Property Income Schedule OR can he skip filling this HP Income schedule as there is income under HP head.

Pls clarify pointwise and help to remove any doubt.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
25 July 2025 1. At slab rate.
2. Yes.
3. Better to declare it in Schedule HP as self occupied, if it is locked.
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rmalhotra

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rmalhotra (Querist)
27 July 2025 Thank you Sir for your prompt reply !
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
27 July 2025 You are welcome.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
25 September 2025 Good luck...
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