Income Tax & Salary

NRI Tax Calculator

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.

NRI Tax Calculator

Estimate India tax liability for NRIs on Indian income.

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Disclaimer: Results are for indicative purposes only and may vary based on actual rates, rules, and policies. Please consult a FinTax24 expert for binding advice.

How to use this calculator

Follow these 5 steps for an accurate result.

  1. 1

    Enter stay-in-India days

    Type number of days stayed in India in the current year and the last 4 preceding years.

  2. 2

    Add Indian-source income

    Include rental from Indian property, NRO FD interest, Indian salaries, dividends and capital gains.

  3. 3

    Add foreign income (optional)

    If resident or RNOR, declare foreign salary, NRE interest and overseas dividends for slab purposes.

  4. 4

    Pick DTAA country

    Select country of residence (USA, UK, UAE, Singapore, etc.) — many have lower withholding under DTAA.

  5. 5

    Read the result

    See residential status, taxable Indian income, TDS / advance tax payable and ITR form number.

Key takeaways

  • Determines Residential status (RNOR / ROR / NRI) under Section 6 using days-stay inputs.
  • Taxes Indian-sourced income for NRIs at slab rates via Section 9 read with the IT Act, 1961.
  • Computes TDS rates on NRO interest (30% + cess), rental (31.2% after TDS Section 195), and capital gains.
  • Treats DTAA-eligible income like dividends and interest from specified countries at concessional rates.

Frequently asked questions

Quick answers to common questions about nri tax calculator.

How is NRI residential status determined?

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.

What is the TDS rate on NRO account interest?

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.

Is rental income from Indian property taxable for NRIs?

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.

Do NRIs pay tax on NRE account interest?

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.

Which ITR form should an NRI use?

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.

Is Aadhaar mandatory for NRIs filing ITR?

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.

Sources & authority: For regulations on nri tax calculator, refer to gst.gov.in, mca.gov.in, incometax.gov.in, rbi.org.in, Income Tax NRI section, DTAA treaties (CBDT), RBI NRI / FEMA regulations.

Last reviewed by: FinTax24 NRI Desk · Reviewed on:

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