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      • The income tax slab rates for Non-Resident Indians (NRIs) for the financial year 2024-25 (Assessment Year 2025-26) that you need to know are as follows: Up to Rs. 2.5 lakh: Nil Rs. 2.5 lakh to Rs. 5 lakh: 5% Rs. 5 lakh to Rs. 7.5 lakh: 10% Rs. 7.5 lakh to Rs. 10 lakh: 15% Rs. 10 lakh to Rs. 12.5 lakh: 20% Rs. 12.5 lakh to Rs. 15 lakh: 25%
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  2. Tax Slabs for AY 2024-25. The Finance Act 2023 has amended the provisions of Section 115BAC w.e.f AY 2024-25 to make new tax regime the default tax regime for the assessee being an Individual, HUF, AOP (not being co-operative societies), BOI or Artificial Juridical Person.

  3. May 29, 2024 · Learn about the income tax slab rates for NRIs in India for the financial year 2023-24 (assessment year 2024-25). Compare the old and new tax regimes, surcharge, exemptions, deductions and more.

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  4. Aug 20, 2024 · NRIs are supposed to pay tax in India on income earned or received in India, such as salary, rent, capital gains, interest, etc. However, certain types of income, such as income from agriculture or specified investments like tax-free bonds, may be exempt from tax for NRIs.

  5. Aug 21, 2024 · New Delhi, UPDATED: Aug 23, 2024 07:42 IST. In Short. Budget 2024 raises tax rates, removing indexation benefits for NRIs. NRIs also face higher taxes on capital gains. Increased exemptions and simplified tax slabs may offer some cushion.

    • Business
  6. Learn about the income tax slabs and rates for non-resident Indians (NRIs) in India for the financial year 2023-24. Find out the tax provisions, deductions and exemptions applicable to NRIs under the Income Tax Act.

  7. Sep 19, 2024 · NRI Taxation in India. Last updated : September 19th, 2024 10:52 am. Many Indians spend a significant part of the year abroad. You might wonder, are such individuals required to pay taxes in India? The answer depends on several factors.

  8. Learn how your residential status in India determines your taxability and tax slabs. Compare the existing and new tax regimes and check if you are eligible for DTAA benefits.