NRIs (Non-Resident Indians) pay surcharge on Indian-source income (rental from Indian property, capital gains on Indian shares, dividends from Indian companies, interest from NRO accounts). Surcharge thresholds are the same as residents (₹50L+, ₹1Cr+, ₹2Cr+, ₹5Cr+). For long-term capital gains and dividends, the new regime's 25% surcharge cap is especially relevant.
When to use this
Use for: NRIs selling Indian property or shares (capital gains can spike one-year income above thresholds), NRIs receiving Indian dividend income from holdings in Reliance / Tata / HDFC etc., NRIs renting out Indian property (rental income subject to TDS at 31.2% by tenant), planning India-side tax filings.
Frequently Asked Questions
Are NRI surcharge rates same as residents?
Yes - the surcharge thresholds (50L / 1Cr / 2Cr / 5Cr) and rates (10% / 15% / 25% / 37%) are the same. The differences are in: lower base exemption for NRIs in some categories, mandatory TDS on most Indian-source income, and DTAA-based reductions on dividends / interest (10% under most DTAAs).
What's the effective NRI capital-gains tax?
STCG on equity: 20% + surcharge + 4% cess. LTCG on equity: 12.5% on gains > ₹1.25L + surcharge + cess. Property LTCG: 12.5% indexed or 20% un-indexed (NRI's choice) + surcharge + cess. NRIs face mandatory TDS at 30-31.2% on gains - claim refunds via ITR if your actual liability is lower.
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