What part of NRI's income is taxed in India

What part of NRI's income is taxed in India

When it comes to taxation of income earned by Non-Resident Indians, there are always some confusions. Let’s take a look at when the NRI is liable to pay tax in India

When it comes to taxation of income earned by Non-Resident Indians, there are always some confusions. Let’s take a look at when the NRI is liable to pay tax in India

Income that has accrued or arisen to such NRI in India during the previous year is also taxed.

Income that has accrued or arisen to such NRI in India during the previous year is also taxed.

Income earned abroad by NRI is not liable to be taxed in India

Income earned abroad by NRI is not liable to be taxed in India

The obligation to furnish ITR arises where the total income (earned in India) exceeds Rs 2.5 lakh.

The obligation to furnish ITR arises where the total income (earned in India) exceeds Rs 2.5 lakh.

Furnishing of ITR in respect of interest income, being below taxable limit, is not required.

Furnishing of ITR in respect of interest income, being below taxable limit, is not required.