Question 1

How is total tax liability calculated for NRIs with multiple income sources?

Accepted Answer

For NRIs, only Indian income is taxable. Add up all Indian income sources (salary, rent, capital gains, interest, dividends, business income). Apply applicable tax slab rates. Deduct TDS already paid and foreign tax credit (if applicable). The balance is your tax payable or refund.

Question 2

Can NRIs claim deductions under Section 80C and 80D?

Accepted Answer

Yes, under old tax regime, NRIs can claim 80C (up to Rs 1.5 lakh for PPF, ELSS, insurance, etc.), 80D (health insurance up to Rs 25K-50K), 80G (donations), and home loan interest (up to Rs 2 lakh). New regime offers standard deduction only.

Question 3

Which is better for NRIs - Old or New tax regime?

Accepted Answer

New regime: Lower rates but no deductions (except standard deduction). Choose if deductions are less than Rs 3-4 lakh. Old regime: Higher rates but full deductions available. Choose if you have significant 80C, home loan, HRA claims. Compare both and pick lower tax.

Question 4

What is Form 67 and when should NRIs file it?

Accepted Answer

Form 67 is required to claim Foreign Tax Credit (FTC) for taxes paid abroad on income that is also taxable in India. Must be filed before submitting ITR. Required for NRIs claiming DTAA benefits on income like foreign salary, foreign dividends, or foreign capital gains.

Question 5

What is the deadline for NRIs to file ITR and pay advance tax?

Accepted Answer

ITR deadline: July 31 for non-audit cases, October 31 for audit cases. Advance tax: Pay quarterly if tax liability exceeds Rs 10,000 (15% by June 15, 45% by Sep 15, 75% by Dec 15, 100% by Mar 15). Interest under 234B/234C applies for late payment.

NRI Total Tax Liability Calculator

Income Sources

Tax Payments & Credits

Related Calculators

NRI Tax Calculator

NRI Residential Status Determination

DTAA Tax Relief & Foreign Tax Credit

NRI Capital Gains Tax Calculator

NRI Rental Income Tax Calculator

Related Articles

NRI Tax Return Filing: ITR Forms, Documents & Process

NRI Residential Status: 10 Scenarios Calculator

NRI DTAA Double Tax Relief: Complete Guide with Country-wise Rates

Frequently Asked Questions