Taxability on funds transferred to indian bank from foreign bank.
This query is : Resolved
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Vaid Mohammed
(Querist)
29 April 2025
Hi,
I am working in Oman since 08 March 2025 thus, currently I am an NRI, as there are no plans to visit India in this financial year.
I want to transfer money from the salary I am earning here to my Indian Bank. I am planning to transfer 2.5 lacs per month to India, in my Indian Bank.
Please advise, will this transfer attract any tax or it will be completely tax free for me in India?
I am working in Oman since 08 March 2025 thus, currently I am an NRI, as there are no plans to visit India in this financial year.
I want to transfer money from the salary I am earning here to my Indian Bank. I am planning to transfer 2.5 lacs per month to India, in my Indian Bank.
Please advise, will this transfer attract any tax or it will be completely tax free for me in India?
29 April 2025
Transfer of your(being NRI) savings from Oman to your own Indian bank account/s in India, is not taxable in India.
28 September 2025
Good luck.....
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