A comprehensive guide to personal tax rates, capital gains, and income tax filing rules for Non-Resident Indians (NRIs) in India for the financial year 2025.
CA Pratibha Goyal | May 30, 2025 |
Personal Tax Rates for NRIs in India
In the case of Non-Resident Indians (NRIs), income accrued or arising in India is taxable in India only. Before knowing personal tax rates for NRIs in India, here are some examples of income that will be taxable in India.
Salary and Rental Income are taxed at Slab Rates. Here are the slab rates as per the new and old tax regimes.
The Slab Rates as per the Old Tax Regime:
| Tax Slabs (INR) | Tax Slabs (USD (Appx)) | Tax Rate | Surcharge | Cess |
| 0 to 250000 | 0 to 2924 | 0% | 0% | 0% |
| 250001 to 500000 | 2924 to 5847 | 5% | 0% | 4% |
| 500001 to 1000000 | 5847 to 11695 | 20% | 0% | 4% |
| 1000001 to 5000000 | 11695 to 58473 | 30% | 0% | 4% |
| 5000001 to 10000000 | 58473 to 116945 | 30% | 10% on Full Tax | 4% |
| 10000001 to 20000000 | 116945 to 233891 | 30% | 15% on Full Tax | 4% |
| 20000001 to 50000000 | 233891 to 584727 | 30% | 25% on Full Tax | 4% |
| Above 5000000 | Above 584727 | 30% | 37% on Full Tax | 4% |
Slabs as per the new tax regime:
| Tax Slabs (INR) | Tax Slabs (USD (Appx)) | Tax Rate | Surcharge | Cess |
| 0 to 300000 | 0 to 3508 | 0% | 0% | 0% |
| 300001 to 700000 | 3508 to 8186 | 5% | 0% | 4% |
| 700001 to 1000000 | 8186 to 11695 | 10% | 0% | 4% |
| 1000001 to 1200000 | 11695 to 14033 | 15% | 0% | 4% |
| 1200001 to 1500000 | 14033 to 17542 | 20% | 0% | 4% |
| 1500001 to 5000000 | 17542 to 58473 | 30% | 0% | 4% |
| 5000001 to 10000000 | 58473 to 116945 | 30% | 10% | 4% |
| 10000001 to 20000000 | 116945 to 233891 | 30% | 15% | 4% |
| Above 20000000 | Above 233891 | 30% | 25% | 4% |
Important Points:
Capital Gain on Sale of Immovable Property in India:
If the property is held for more than 2 years, it will be a LTCG, else it will be STCG.
If Immovable Property sold after 22.07.2024: The LTCG is taxed at the rate of 12.5% and STCG is taxed at slab rates.
If Immovable Property before 23.07.2024: The LTCG is taxed at the rate of 20% (with indexation benefit), and the STCG is taxed at slab rates.
Capital Gain on Sale of Equity Shares/ Equity Orinted Mutual Fund in India:
If held for more than 1 year, it will be a LTCG, else it will be STCG.
Tax on Foreign Currency Convertible Bonds (FCCBs), Foreign Currency Exchangeable Bonds (FCEB), Global Depository Receipts (GDRs) of an Indian company or a Public Sector Undertaking (PSU)
Tax on Other Incomes:
Due Date of Filing ITR:
The due date for filing the income tax return is 15th September 2025 where Audit is not applicable.
Can NRI File ITR-1 or ITR-4:
No, an NRI cannot file ITR-1 or ITR-4 as they are considered as simple returns. Individuals can either file ITR 2 or ITR 3.
In case of any Doubt regarding Membership you can mail us at [email protected]
Join Studycafe's WhatsApp Group or Telegram Channel for Latest Updates on Government Job, Sarkari Naukri, Private Jobs, Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"
