New Delhi, April 27 -- Income-Tax regulations in India outline special provisions for certain types of income earned by non-resident Indians (NRIs). As per the law, NRIs have to pay tax on income earned or received in India - including capital gains, rent, salary or NRO (NRI banking account) interest.

Under the old tax regime, tax is applicable for income of Rs.2.5 lakh and above; while under the new tax regime, this limit is Rs.4 lakh. Income tax returns (ITR) is to be filed by 31st July 2026.

Not all income earned by NRIs is taxable in India, only the sources that are based in India or fall under purview of Indian tax laws, according to Clear Tax. This includes:

Notably, while interest earned from a Non-Resident Ordinary (NRO) accoun...