What NRIs Must
Pay Tax On
vs What's
Exempt
Taxable in India (NRs)
NRO account interest (30% TDS flat)
Rental income from Indian property
Capital gains on Indian stocks / MFs
Capital gains on Indian property sale
Salary for services rendered in India
Dividends from Indian companies
Not Taxable in India (NRs)
NRE account interest (fully exempt)
FCNR account interest (fully exempt)
Foreign salary (earned abroad)
Foreign business income
Interest on NRE FDs and savings
Foreign capital gains (non-India assets)