21 June, 2025 at 7:25 am
For the NRIs, if your income is equal to or less than INR 2,50,000, then you don't need to pay any tax on it. If your income is between 2,50,000-5,00,000 INR, then you are eligible for a 5% tax rate. If you are between the 5,00,000-10,00,000 INR income range, then you need to pay a 20% tax rate on your total income, and more than 10,00,000, you need to pay a 30% tax rate on your income.
Here are the tax rates for non-resident individuals. If you have an income equal to or less than 2,50,000, then you don't have to pay any tax. If you have an income of more than 2,50,000, then you need to pay a 5% tax rate on your income, which will go higher and higher according to your income.
NRIs have to pay taxes if they earn from any investments or any business. NRIs have a standard deduction of 30% which applies to NRIs, and also if they are earning from their house property, then they should pay the tax that is generated for an NRI.
The tax rates that apply to the NRI are based on the residential status and the benefits of the DTAA. NRIs' tax rates are the same as those of Indian citizens, but they cannot avail of the extended basic exemption, also they can't claim a rebate of INR 12,500/25,000 under section 87A.
Many NRIs invest in India and grow their economy along with the country's economy. All these investments are made in India and are subject to taxes. If an NRI purchases shares of long-term capital gains (LTCG) to hold shares or mutual funds for more than 1 year then you are liable to pay 12.5% tax, and for short-term capital gains which you hold for less than 1 year, then you have to pay 20% tax on your gains to investments.
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