india budget

On Feb 1, 2025, India’s Honorable Finance Minister Smt Nirmala Sitharaman presented India’s Annual Budget. In this budget, she proposed various new tax related and other proposals. Hereunder, we have summarised some of the proposed provisions, specifically those which have an impact on Non Residents i.e. NRIs (Indian Citizen living/working abroad), Foreign Citizens (PIOs, OCIs, Others), Seafarers, and Expatriates. Changes In Tax Slabs, Tax Rates – Applicability Wrt FY 2025-26 (Year Ending March 31, 2026), AY 2026-27 Changes In Old…

Govt of India presented its Budget 2022 proposals on February 1, 2022. Seems a new India budget as it is proposing for Drones, 5G, Digital University, Digital Currency, E-Passport, More Infrastructure, Indigenous Defence Manufacturing and many other future India proposals. There are various tax & other proposals made through this budget. Here is a brief summary of those, which will impact Non-Resident Indians ‘NRI’ (Indian Citizen living/working abroad), Foreign Citizen (PIOs, OCIs, Others), Seafarers, Expatriates. Income Tax Slabs (FY 2022-23)…