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NRE
All Gulf salary lands here. Fully repatriable. Interest tax-free in India.
Separate eligible overseas earnings from Indian-source rent and other receipts before choosing NRE, NRO or FCNR accounts. Account eligibility follows FEMA residence, while interest treatment and Indian income-tax residence require separate checks. Keep a clear source-of-funds trail and review account changes when you move, rather than assuming Gulf residence resolves every question.
Last reviewed: · Reviewed by Regi Tom Antony, FCA
All Gulf salary lands here. Fully repatriable. Interest tax-free in India.
Term deposit in USD/GBP/EUR/AED — protects you from rupee depreciation. Fully repatriable on maturity.
Indian rental income, dividends, refunds. Repatriable up to USD 1M/year with Form 145/146 (formerly 15CA/15CB).
A 15-minute NRI Tax Discovery Call to scope your situation and the right next step.
This guide is general information published by RTA & Associates. It is not tax, legal, financial or investment advice, and it does not create a client relationship. It does not take account of your personal circumstances, and you should not act or refrain from acting on the basis of anything here.
Cross-border outcomes turn on the specific facts — your day-counts, the timing of your move, the wrappers you hold and the treaty position between the two countries. A small change in any of those can change the answer completely.
References to the law, rules or practice of countries other than India are included for general orientation only. They are not advice on the law of that country, and they should be confirmed with a qualified adviser in that jurisdiction before you act.
Tax law, exchange-control rules and treaty positions change, and they change often. This page reflects our understanding as at the date shown above. We do not undertake to update it.
To the extent permitted by law, RTA & Associates and its partners and staff accept no liability for any loss arising from reliance on this page. For advice on your own position, book a consultation.
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