{"id":1932,"date":"2025-04-22T12:10:25","date_gmt":"2025-04-22T06:40:25","guid":{"rendered":"https:\/\/www.caclubindia.com\/guide\/?p=1932"},"modified":"2025-07-01T12:54:41","modified_gmt":"2025-07-01T07:24:41","slug":"income-tax-for-nri","status":"publish","type":"post","link":"https:\/\/www.caclubindia.com\/guide\/income-tax-for-nri\/","title":{"rendered":"Income Tax For NRI In India: Tax Slabs, Filing, Exemption and Tips For FY 2024-25"},"content":{"rendered":"\n<p>Navigating income tax as a Non-Resident Indian (NRI) can be complex due to differing rules based on residency status, income sources and applicable exemptions. Whether you earn rental income in India or have capital gains from investments, understanding your tax obligation is crucial.<\/p>\n\n\n\n<p>This article breaks down the tax slabs, filing requirements, exemptions and small tips to help NRIs manage taxes effectively and stay compliant with Income Tax laws.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\r\n<div class=\"ez-toc-title-container\">\r\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\r\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\r\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.caclubindia.com\/guide\/income-tax-for-nri\/#Understanding_NRI_status_for_Taxation\" >Understanding NRI status for Taxation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caclubindia.com\/guide\/income-tax-for-nri\/#Income_Tax_Slabs_Applicable_to_NRIs\" >Income Tax Slabs Applicable to NRIs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caclubindia.com\/guide\/income-tax-for-nri\/#Normal_Regime_Old_Tax_Regime\" >Normal Regime (Old Tax Regime)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.caclubindia.com\/guide\/income-tax-for-nri\/#Default_Regime_115BAC\" >Default Regime (115BAC)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.caclubindia.com\/guide\/income-tax-for-nri\/#Filing_Income_Tax_Returns_ITRs_for_NRIs\" >Filing Income Tax Returns (ITRs) for NRIs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.caclubindia.com\/guide\/income-tax-for-nri\/#Exemptions_and_Deductions_Available_to_NRIs\" >Exemptions and Deductions Available to NRIs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.caclubindia.com\/guide\/income-tax-for-nri\/#TDS_Tax_Deducted_at_Source_Rules_for_NRIs\" >TDS (Tax Deducted at Source) Rules for NRIs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.caclubindia.com\/guide\/income-tax-for-nri\/#Important_Deadlines_and_Penalties\" >Important Deadlines and Penalties<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.caclubindia.com\/guide\/income-tax-for-nri\/#Few_Tips_for_Efficient_Tax_Planning_for_NRIs\" >Few Tips for Efficient Tax Planning for NRIs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.caclubindia.com\/guide\/income-tax-for-nri\/#Common_Mistakes_NRIs_Should_Avoid\" >Common Mistakes NRIs Should Avoid<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.caclubindia.com\/guide\/income-tax-for-nri\/#Recent_Changes_and_Updates_in_NRI_Tax_Laws\" >Recent Changes and Updates in NRI Tax Laws<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.caclubindia.com\/guide\/income-tax-for-nri\/#Deemed_Residency_Rule_Section_61A\" >Deemed Residency Rule (Section 6(1A))<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.caclubindia.com\/guide\/income-tax-for-nri\/#Resident_but_Not_Ordinarily_Resident_RNOR_Status\" >Resident but Not Ordinarily Resident (RNOR) Status<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.caclubindia.com\/guide\/income-tax-for-nri\/#Double_Taxation_Avoidance_Agreement_DTAA\" >Double Taxation Avoidance Agreement (DTAA)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.caclubindia.com\/guide\/income-tax-for-nri\/#Reporting_Foreign_Assets\" >Reporting Foreign Assets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.caclubindia.com\/guide\/income-tax-for-nri\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Understanding_NRI_status_for_Taxation\"><\/span>Understanding NRI status for Taxation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>For tax purposes, an individual is considered as a Non-resident (NRI) if they do not meet the residency criteria as per Income Tax Act.<\/p>\n\n\n\n<p>An individual is considered as a resident if they<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Stay in India is for <strong>182 days or more<\/strong> in a financial year (or)<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>a. Stay in India is for <strong>60 days or more<\/strong> in a financial year (and)<\/li>\n\n\n\n<li>b. Stay in India is for <strong>365 days in the past 4 years<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>If any of the conditions is not met, then the individual is considered as a Non-Resident.<\/p>\n\n\n\n<p>NRIs are taxed only on <strong>income earned or received in India<\/strong>. Global income is <strong>not taxable in India<\/strong> for NRIs, but declaring residential status correctly is key to compliance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Income_Tax_Slabs_Applicable_to_NRIs\"><\/span>Income Tax Slabs Applicable to NRIs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>NRIs are taxed based on the income earned or received in India. They can choose between the old regime and <strong><a href=\"https:\/\/www.caclubindia.com\/guide\/new-tax-regime\/\">new tax regime<\/a><\/strong>, each with distinct slab rates and benefits. Notably, NRIs are not eligible for certain deductions and rebates available to resident Indians, such as the rebate under Section 87A.<\/p>\n\n\n\n<p>Unlike Resident Senior citizens who enjoy a basic exemption limit of up to INR 3,00,000 under the old regime, non-resident senior citizens are not eligible for this benefit.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Normal_Regime_Old_Tax_Regime\"><\/span>Normal Regime (Old Tax Regime)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Income Slab<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Tax Rate<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">0 to 2.5 Lakhs<\/td><td class=\"has-text-align-center\" data-align=\"center\">0%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2.5 to 5 Lakhs<\/td><td class=\"has-text-align-center\" data-align=\"center\">5%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">5 to 10 Lakhs<\/td><td class=\"has-text-align-center\" data-align=\"center\">20%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">More Than 10 Lakhs<\/td><td class=\"has-text-align-center\" data-align=\"center\">30%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Default_Regime_115BAC\"><\/span>Default Regime (115BAC)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Income Slab<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Tax Rate<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">0 to 3 Lakhs<\/td><td class=\"has-text-align-center\" data-align=\"center\">0%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">3 to 7 Lakhs<\/td><td class=\"has-text-align-center\" data-align=\"center\">5%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">7 to 10 Lakhs<\/td><td class=\"has-text-align-center\" data-align=\"center\">10%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">10 to 12 Lakhs<\/td><td class=\"has-text-align-center\" data-align=\"center\">15%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">12 to 15 Lakhs<\/td><td class=\"has-text-align-center\" data-align=\"center\">20%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">More Than 15 Lakhs<\/td><td class=\"has-text-align-center\" data-align=\"center\">30%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Under the New Tax regime, a <strong><a href=\"https:\/\/www.caclubindia.com\/guide\/standard-deduction\/\">standard deduction<\/a><\/strong> of 75,000 is available to salaried individuals, including NRIs.<\/p>\n\n\n\n<p>Additionally, a <strong>health and education cess of 4%<\/strong> is levied on the total tax amount.<\/p>\n\n\n\n<p>Surcharges are applicable for higher income brackets as follow:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Income Surcharge<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Rate<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">50 Lakhs to 1 Crore<\/td><td class=\"has-text-align-center\" data-align=\"center\">10%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">1 Crore to 2 Crore<\/td><td class=\"has-text-align-center\" data-align=\"center\">15%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2 Crores to 5 Crores<\/td><td class=\"has-text-align-center\" data-align=\"center\">25%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Above 5 Crores<\/td><td class=\"has-text-align-center\" data-align=\"center\">27%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Filing_Income_Tax_Returns_ITRs_for_NRIs\"><\/span>Filing Income Tax Returns (ITRs) for NRIs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>NRIs are required to file an income tax return in India if their total taxable income exceeds <strong>INR 2.5 Lakhs<\/strong> or if they have capital gains, even if the total income is below the threshold. Typically, NRIs use <strong><a href=\"https:\/\/www.caclubindia.com\/guide\/itr-2\/\">ITR-2<\/a> (for salaried, capital gains or rental income) or ITR-3 (if they have business\/professional income in India)<\/strong>. Filing is done online via the Income Tax Department\u2019s portal, and the<strong> deadline is 31st July (or 31st October if audit applies)<\/strong>. Late filing may attract <strong>penalties up to INR 10,000<\/strong>. Required documents include PAN card, TDS certificates and bank details. After filing, the return must be verified electronically or by sending the signed ITR-V to CPC Bengaluru.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Exemptions_and_Deductions_Available_to_NRIs\"><\/span>Exemptions and Deductions Available to NRIs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>NRIs can claim <strong>deductions under Section 80C (up to \u20b91.5 lakhs)<\/strong> for eligible investments like ELSS, life insurance premiums, and home loan principal.<\/p>\n\n\n\n<p><strong>Section 80D allows deductions for health insurance premiums<\/strong>. Interest earned on NRE and FCNR accounts is fully exempt.<\/p>\n\n\n\n<p><strong>Section 24(b) permits up to \u20b92 lakh<\/strong> deduction on home loan interest. Capital gains exemptions under <strong>Sections 54, 54 EC and 54F<\/strong> are also available through reinvestment in specified assets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TDS_Tax_Deducted_at_Source_Rules_for_NRIs\"><\/span>TDS (Tax Deducted at Source) Rules for NRIs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Income earned by NRIs in India-like rent, interest, or capital gains-is subject to TDS at higher rates compared to residents. For instance, interest on NRO deposits can attract <strong>TDS at 30%<\/strong>, while <strong>property sale proceeds may face TDS up to 20% (plus surcharge and cess)<\/strong>. To reduce or avoid excess TDS, NRIs can apply for a lower or nil deduction certificate under <strong><a href=\"https:\/\/www.caclubindia.com\/guide\/section-197-for-lower-or-non-tds-deduction\/\">Section 197<\/a><\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Important_Deadlines_and_Penalties\"><\/span>Important Deadlines and Penalties<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The due date for NRI tax return filing is usually <strong>31st July (non-audit cases) or 30th October (audit cases) of Assessment Year<\/strong>. Filing after due date can attract <strong>a penalty of \u20b95,000 to \u20b910,000 under Section 234F<\/strong>. Additionally, <strong>interest under Sections 234A\/B\/C may apply for delayed payments or shortfall in advance tax<\/strong>. Timely compliance helps avoid penalties and ensures smoother refund processing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Few_Tips_for_Efficient_Tax_Planning_for_NRIs\"><\/span>Few Tips for Efficient Tax Planning for NRIs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>NRIs should maintain clear records of income, investments and TDS certificates. <strong>Opt for tax-free accounts like NRE\/FCNR and invest in ELSS or NPS (if eligible) for deductions<\/strong>. Reinvest capital gains to claim exemptions and consider joint ownership of property with family for tax efficiency.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Common_Mistakes_NRIs_Should_Avoid\"><\/span>Common Mistakes NRIs Should Avoid<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>NRIs often make errors like misreporting residential status, claiming ineligible deductions (e.g. PPF), or not disclosing Indian income. Ignoring TDS on property sale or missing filing deadlines can lead to penalties. Always file an ITR if taxable income or capital gains exist, even if TDS is already deducted.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Changes_and_Updates_in_NRI_Tax_Laws\"><\/span>Recent Changes and Updates in NRI Tax Laws<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Recent updates include stricter rules for determining residential status and increased monitoring of foreign remittances under the LRS scheme.<\/p>\n\n\n\n<p>Other changes and updates provided in Budget for FY 24-25 related to Tax slabs, Capital gains, Higher TCS threshold for foreign remittances, Standardized tax year, are to be complied by NRIs.<\/p>\n\n\n\n<p>Further, <strong>Global Income Taxation for High-Income is faced by NRIs<\/strong>. A short explanation of same is explained herewith:<\/p>\n\n\n\n<p>As per Income tax laws, NRIs are generally taxed only on income earned or accrued in India. However, NRIs may face global income taxation under specific conditions:<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Deemed_Residency_Rule_Section_61A\"><\/span>Deemed Residency Rule (Section 6(1A))<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>From FY 20-21 onward, if Indian citizen:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Earns more than \u20b915 lakhs in India and<\/li>\n\n\n\n<li>Is not liable to pay tax in any other country due to domicile or residence,<\/li>\n<\/ul>\n\n\n\n<p>they will be treated as a deemed resident of India, and their global income becomes taxable in India.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Resident_but_Not_Ordinarily_Resident_RNOR_Status\"><\/span>Resident but Not Ordinarily Resident (RNOR) Status<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In certain cases, high-income NRIs may be classified as RNOR, where only <strong>Indian income and income from business controlled in India are taxable<\/strong>. RNOR status usually applies for a transitional period after return or change in residency.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Double_Taxation_Avoidance_Agreement_DTAA\"><\/span>Double Taxation Avoidance Agreement (DTAA)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>High-income NRIs earning globally should check if India has a DTAA with the country of residence. It helps avoid double taxation by allowing:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Tax credit in one country for tax paid in another.<\/li>\n\n\n\n<li>Exemption in one country depending on treaty terms.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reporting_Foreign_Assets\"><\/span>Reporting Foreign Assets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>NRIs who qualify as residents (including deemed residents) must <strong>report global income and foreign assets under Schedule FA in the income tax return<\/strong>, failing which can attract severe penalties under the Black Money Act.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Understanding income sources, tax liabilities, and available benefits is crucial for NRIs. With timely filing, smart planning, and awareness of rules, NRIs can ensure tax efficiency and avoid legal hassles. Responsible compliance not only saves money but also builds a strong financial foundation in India.<\/p>\n\n\n\n<div class=\"schema-how-to wp-block-yoast-how-to-block\"><p class=\"schema-how-to-description\"><strong>FAQs<\/strong><\/p> <ol class=\"schema-how-to-steps\"><li class=\"schema-how-to-step\" id=\"how-to-step-1745060853716\"><strong class=\"schema-how-to-step-name\">If I live abroad but earn over \u20b915 lakhs in India, will my global income be taxed in India?<\/strong> <p class=\"schema-how-to-step-text\"><strong>Ans. <\/strong>Yes, if you&#8217;re not liable to pay tax in any other country, you&#8217;ll be treated as a deemed resident, and your global income may become taxable in India.<\/p> <\/li><li class=\"schema-how-to-step\" id=\"how-to-step-1745060886393\"><strong class=\"schema-how-to-step-name\">Is interest on NRO account fully exempt like NRE account interest?<\/strong> <p class=\"schema-how-to-step-text\"><strong>Ans. <\/strong>No, NRO interest is taxable at 30% TDS (plus cess), unlike NRE interest, which is tax-free for NRIs under FEMA rules.<\/p> <\/li><li class=\"schema-how-to-step\" id=\"how-to-step-1745060909093\"><strong class=\"schema-how-to-step-name\">Can I claim indexation on long-term capital gains from property sold in India?<\/strong> <p class=\"schema-how-to-step-text\"><strong>Ans.<\/strong> For FY 2024\u201325, you can choose between 12.5% LTCG without indexation or 20% with indexation, depending on which is more beneficial.<\/p> <\/li><\/ol><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Navigating income tax as a Non-Resident Indian (NRI) can be complex due to differing rules based on residency status, income [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":1933,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1932","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-income-tax"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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Yes, if you're not liable to pay tax in any other country, you'll be treated as a deemed resident, and your global income may become taxable in India."}]},{"@type":"HowToStep","url":"https:\/\/www.caclubindia.com\/guide\/income-tax-for-nri\/#how-to-step-1745060886393","name":"Is interest on NRO account fully exempt like NRE account interest?","itemListElement":[{"@type":"HowToDirection","text":"Ans. No, NRO interest is taxable at 30% TDS (plus cess), unlike NRE interest, which is tax-free for NRIs under FEMA rules."}]},{"@type":"HowToStep","url":"https:\/\/www.caclubindia.com\/guide\/income-tax-for-nri\/#how-to-step-1745060909093","name":"Can I claim indexation on long-term capital gains from property sold in India?","itemListElement":[{"@type":"HowToDirection","text":"Ans. 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