YrHomeHome »  International Banking
personal

Tax Benefits


  • Income that is received in India is taxable.
  • Income accruing/ arising or deemed to accrue/ arise in India taxable.
  • Deposits in FCNR (B) and NRE account are exempted from Income/ Wealth Tax.
  • NRO account: Income Tax deductible at source on interest earned either u/s 195 or as per DTAA executed by India with 71 countries, whichever is more beneficial to the NRI.
  • retiree