How NRIs are taxed in India

The earnings of a non-resident Indian (NRI) earned in India is taxable. Whether an individual might be clasifed as NRI or not will depend upon the variety of days she or he has stayed in India and the quantum of earnings earned. Let’s perceive the definition first. An individual might be categorized as NRI if she or he fulfills ny of those 3 circumstances. If an individual of Indian origin or citizen of India stays exterior India and visits India for a selected variety of days in India, she or he could also be categorized as a non-resident India (NRI) relying on the variety of days of keep in India. In case the individual has stayed in India for lower than 182 days and earnings from India is lower than ₹15 lakh or bodily presence was lower than 120 days however the earnings exceeded ₹15 lakh or bodily presence in India through the related monetary yr is 120 days or extra however lower than 182 days and fewer than three hundred and sixty five days within the previous 4 monetary years, even when the India-sourced earnings exceeds ₹15 lakh. So, if an individual qualifies as an NRI, the earnings might be taxable in India.

The following desk tells you the way the earnings from totally different sources might be taxed and the speed if tax deduction at supply for an NRI.

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