Tax rates applicable for nro and nre accounts

Interest credited to NRE account will be exempt for Income tax purposes for Non Resident but not ordinarily resident. Income from House property situated in India will be taxable in the hands of NRI. Normal Slab rates i.e 200K - 500K @ 10% and >500K - 1000K @ 20% and above 1000k @ 30% (for A.Y 2014-15). Here we should note that even though slab rates are available to NRI's there are no special slab rates, i.e whether NRI is male or Female or senior Citizen or Very senior citizen above mentioned slab rates are only available.