Hi all,
I want to know the tax exemption limit applicable for NRI for the AY 2014-15.
Kindly help me out. Thanks in advance.
1 Replies
Arpit Pachisia
(CA)
(734 Points)
Replied 12 March 2014
Hello Priya,
Tax exemption limit for NRI's is also same as that is set for us.(AY 14-15)
Upto Rs.2,00,000 No Tax
2,00,000-5,00,000 10% of income exceeds 2,00,000.
Less: Tax credit - 10% of taxable income upto a
maximum of Rs.2,000.
5,00,000-10,00,000 30,000+ 20% of income exceeds 5,00,000.
Above 10,00,000 1,30,000+ 30% of income exceeds 10,00,000.
Thanking You
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