New vs Old Tax Regime: Which is better for NRIs/OCIs

 Many changes have been proposed to the new income tax slab in Union Budget 2023. The basic exemption limit has been increased from Rs. 2.5 lakh to Rs. 3 lakh and the tax rebate has been hiked on income up to Rs. 7 lakh against Rs. 5 lakh earlier. However, the old tax slabs regime is still in effect. Hence, taxpayers can choose between the two regimes - New vs Old Tax Regime - when paying their taxes. So, which tax regime should NRI taxpayers choose after the announcement of union budget 2023 for NRIs?

Manoj Negi

· 7,350 views

How to Avoid TDS on NRO Account?

 For NRIs, the Non-Resident Ordinary (NRO) account is one of the NRI bank accounts they need to open after a change in their residential status. It allows individuals to manage their income earned in India and facilitates various transactions. However, one aspect that often concerns NRO account holders is the deduction of TDS on their NRO account transactions. NRIs who have invested in India usually have this query, “how to avoid TDS on NRO account’? In this blog post, we will clarify whether NRIs can avoid TDS on NRO account, and if not, then what are the ways by which they can minimize TDS on their NRO account.

Charu Dhasmana

· 14,559 views

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