Skip to main content
Scripbox Logo

Scripbox Help Center

Help NRI

What taxes do NRI have to pay?

Tax Rate:

  • Tax on Short Term Capital Gains (STCG) from Debt (non-equity) mutual funds : Based on your income tax slab
  • Tax on Long Term Capital Gains (LTCG) from Debt (non-equity) mutual funds:  20% with indexation benefit
  • Tax on Short Term Capital Gains (STCG) from equity mutual funds : 15%
  • Tax on Long Term Capital Gains (LTCG) from equity mutual funds:  10% on gains above ₹1 lakh in a financial year

TDS:

Unlike resident Indians, any withdrawals from mutual funds by NRIs are subject to deduction of TDS. The money you receive in your bank account from withdrawal is net of the TDS amount. TDS is charged at the highest income tax slab rate. When your file your tax returns in India, you are eligible to get the excess TDS amount as refund. Following TDS rates apply:

  • TDS on Short Term Capital Gains from debt (non-equity) mutual funds : 30%
  • TDS on Long Term Capital Gains from debt (non-equity) mutual funds:  20% with indexation benefit
  • TDS on Short Term Capital Gains from equity mutual funds : 15%
  • TDS on Long Term Capital Gains from equity mutual funds:  10%

Hope we helped! Why not get started with your Scripbox.
If you need further assistance please feel free to reach us at 1800-102-1265