Income Tax & Salary
Quick answer: The FinTax24 NRI Tax Calculator estimates Indian tax liability and residency status (Resident / Non-Resident / Resident but Not Ordinarily Resident) for NRIs and PIOs holding NRO, NRE or FCNR accounts, Indian equity, mutual funds, and rental property. It handles Section 80C to 80U declarations, Aadhaar-PAN linkage, and DTAA relief where applicable.
Estimate tax liability for NRIs on Indian income.
Follow these 5 steps for an accurate result.
Type number of days stayed in India in the current year and the last 4 preceding years.
Include rental from Indian property, NRO FD interest, Indian salaries, dividends and capital gains.
If resident or RNOR, declare foreign salary, NRE interest and overseas dividends for slab purposes.
Select country of residence (USA, UK, UAE, Singapore, etc.) — many have lower withholding under DTAA.
See residential status, taxable Indian income, TDS / advance tax payable and ITR form number.
Quick answers to common questions about nri tax calculator.
Under Section 6, an Individual is NRI if they stay in India for less than 182 days in a financial year, or less than 60 days with 365+ days in the 4 preceding years. From FY 2020-21, Indian citizens / PIOs visiting India are deemed RNOR unless their India stay is below 120 days and total income (other than foreign-source) is below ₹15 lakh.
Banks deduct TDS at 30% plus 4% cess on NRO fixed-deposit interest credited / paid — Section 195. PAN must be linked for concessional DTAA rates to apply. The NRI cannot claim 80C / 80D / 80G deductions against this income — only against rental income from Indian property where TDS was deducted on gross rent.
Yes. NRI landlords pay tax on rental income earned from Indian property at slab rates (when taken as business) or 31.2% on net-of-TDS rent (for let-out property under Section 25 read with Section 24(a) standard deduction of 30%). Tenants must deduct TDS under Section 195 before remitting rent abroad.
No. Interest earned on NRE (Non-Resident External) rupee deposits is fully exempt from Indian tax under Section 10(4)(i). NRE interest must be credited only to an NRE account — if the funds are repatriated to a non-NRE account, the exemption is lost and TDS applies.
ITR-1 is not for NRIs. Use ITR-2 for salary / house property / capital gains, ITR-3 for business income, and ITR-4 for 44ADA / 44AD presumptive income. The calculator surfaces the right form based on your income mix.
Aadhaar is required for residents. NRIs can quote their Passport number and country of residence instead of Aadhaar, except where Aadhaar is mandatory for e-verification of the return. PAN must be obtained and quoted in every India income / TDS transaction.
Key sources: Income Tax NRI section, DTAA treaties (CBDT), RBI NRI / FEMA regulations.
Reviewed by FinTax24 Content Team · Review date
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