A complete guide to NRI Taxation

by Deepak Bhardwaj Digital Marketing Expert

A foundation of any economy lies in the tax collected from the citizens of the country. Similarly, the NRI Taxation laws fall on those people who earns outside the country and it is to be noted that their perks and rules are quite different compared to the people living and earning in India. 

Who are considered to be a NRI?

A person is considered to be a Non-Resident Indian when they do not fall under the below categories,

  • The person needs to be in India for 182 days or more during a financial year.


  • If the person has been in India for 365 days in the preceding 4 years and for at least 60 days in the present year.

So the people falling under this category only are considered to be Indian and other than that, the people are NRIs and the tax rule on those people would be according to the NRI Taxation system.

Is all NRI income taxable?

The residential status for the year determines the NRIs income tax to the country. If the NRI has a resident status, then your global income becomes taxable in India, however if your status is NRI then you would only be taxed for your earnings in the country.

Some components of NRIs income however are taxable in India and they are listed below:

  • Salary received in India
  • Salary received for providing services in India
  • Income from selling any Indian property
  • Capital gains in India
  • Transfer of asserts that is situated in India
  • Fixed deposit income
  • Interest earnings from savings account

When NRI income is taxable?

Being an NRI or even a resident of India, you would need to file your tax by 31st July each year if your income Rs. 2,50,000. In case the liability of your tax is Rs. 10,000 for a financial year then you would need to pay an advance.

How to file the returns?

You can get some professional help from CA or tax consultancies in order to file your returns. They would guide you throughout the process and would also advice you the best ways to get all the NRI Taxation benefits. Ezybiz India is one such financial consultancy wherein you would get experienced CAs that would guide you through the process completely at the most affordable prices. They would also advice on the tax benefits so that you can gain the most ultimately.

About Deepak Bhardwaj Advanced   Digital Marketing Expert

30 connections, 1 recommendations, 312 honor points.
Joined APSense since, November 1st, 2015, From Delhi, India.

Created on Jun 24th 2019 08:01. Viewed 242 times.


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