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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%
      www.nobroker.in/blog/income-tax-for-nri/

      Income Tax for NRI: Understanding NRI Taxation in India 2024

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  3. sbnri.com › blog › nri-income-taxNRI Income Tax Slab Rates for FY 2023-24 (AY 2024-25)

    May 29, 2024 · Yes, NRIs (Non-resident Indians) can opt for the New tax Regime in India, which raises the threshold for basic exemption to Rs. 3,00,000. But, NRIs are not eligible to receive the complete tax rebate for income up to Rs. 7,00,000, a benefit reserved for residents.

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  4. www.incometax.gov.in › iec › foportalNon-Resident Individual for AY 2024-2025 - Income Tax Department

    Tax rates for Individual (resident or non-resident), 60 years or more but less than 80 years of age anytime during the previous year are as under: Old Tax Regime New Tax Regime u/s 115BAC

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  6. www.indiatoday.in › business › storyHow are NRIs taxed in India after Budget 2024? A layman’s ...

    Aug 21, 2024 · NRIs must file tax returns in India if their total annual income exceeds Rs 2.5 lakh under the old regime or Rs 3 lakh under the new regime. Tax slabs under the old tax regime (FY 2024-25): No tax is payable on income up to Rs 2.5 lakh. For income between Rs 2.5 lakh and Rs 5 lakh, a 5% tax applies.

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  7. cleartax.in › s › income-tax-for-nriIncome Tax for NRI - ClearTax

    Aug 20, 2024 · A person who is not a resident of India is considered a non-resident of India (NRI). You are a resident if your stay in India for a given financial year is: (i) 182 days or more (ii) 60 days or more and 365 days or more in the 4 immediately preceding previous years

  8. www.bankbazaar.com › tax › tax-slabs-and-rates-forNRI Income Tax Rates & Tax Slabs for FY 2023-24 - BankBazaar

    Non-resident Indians (NRIs) have to pay proper tax as per the Income Tax Act. However, the income tax slabs and rates for NRIs are different from the resident Indians. The slabs for them are chiefly based on their taxable income and not on other things.

  9. www.indiafilings.com › learn › nri-taxation-in-indiaNRI Taxation in India: A Comprehensive Guide - IndiaFilings

    Sep 19, 2024 · File ITR Now! Definition of a Non-Resident Indian (NRI) as per the Income Tax Act. According to the Income Tax Act, a Non-resident Indian (NRI) is an individual who does not meet the criteria for tax residency in India. An individual’s residency status is determined based on their physical presence in the country during a financial year.

  10. sbnri.com › blog › nri-income-taxNew Rules for NRI Taxation in India FY-2023-24 - SBNRI

    Jul 10, 2024 · New Rules to Determine NRI Status. An Indian citizen is considered a resident for a financial year if he/she fulfills any of the basic conditions mentioned below: You should be physically present in India for 182 days or more during the relevant financial year. Or.