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TDS Rates for Non-Resident Individuals in India: A Comprehensive Guide | Qualified Munim Group

Taxation in India

If you are a non-resident individual earning income in India, you may be subject to tax deducted at source (TDS). As a non-resident individual, you may have to pay tax on the income you earn in India. The tax deducted at source (TDS) is the tax that is deducted from your income at the time of payment. TDS is applicable to various incomes of non-resident individuals, and in this blog, we will discuss the different TDS rates that apply to these incomes – CHANGE THIS LINE TO MORE SUITABLE

Qualified Munim Group is a professional firm that provides tax and accounting services to businesses and individuals. We understand that taxation can be complex, and it is essential to have a clear understanding of the tax rules and regulations to avoid any complications. In this blog, we will provide you with a comprehensive guide on TDS for non-resident individuals.

TDS on Salary

Non-resident individuals working in India may receive salary income that is subject to TDS. The TDS rate on salary for non-resident individuals is 30%, plus surcharge and cess. However, if the non-resident individual is a resident of a country with which India has a Double Taxation Avoidance Agreement (DTAA), the TDS rate may be lower.

TDS on Rent

Non-resident individuals who own property in India and receive rental income from the property are subject to TDS. The TDS rate on rent paid to non-resident individuals is 30%, plus surcharge and cess. However, if the non-resident individual is a resident of a country with which India has a DTAA, the TDS rate may be lower.

TDS on Royalty and Technical Fees

Non-resident individuals who receive royalty or technical fees from India are subject to TDS. The TDS rate on royalty and technical fees paid to non-resident individuals is 10%, plus surcharge and cess. However, if the non-resident individual is a resident of a country with which India has a DTAA, the TDS rate may be lower.

TDS on Interest

Non-resident individuals who earn interest income from India are subject to TDS. The TDS rate on interest paid to non-resident individuals is 20%, plus surcharge and cess. However, if the non-resident individual is a resident of a country with which India has a DTAA, the TDS rate may be lower.

TDS on Capital Gains

Non-resident individuals who earn capital gains from the sale of assets in India are subject to TDS. The TDS rate on capital gains paid to non-resident individuals is 10%, plus surcharge and cess. However, if the non-resident individual is a resident of a country with which India has a DTAA, the TDS rate may be lower.

TDS on Other Incomes

Non-resident individuals may also earn income from other sources, such as dividends and winnings from lotteries, races, and games. The TDS rate on such income paid to non-resident individuals is 30%, plus surcharge and cess. However, if the non-resident individual is a resident of a country with which India has a DTAA, the TDS rate may be lower.

Conclusion

TDS is a crucial part of the Indian tax system, and non-resident individuals earning income in India should be aware of the TDS rates applicable to their income. Qualified Munim Group is here to help you navigate the complexities of the Indian tax system and ensure that you are complying with all the applicable tax laws. Our team of experts can provide you with the necessary guidance and support to manage your tax obligations and minimize your tax liability. Contact us today to learn more about our services.

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Capital Gains,Dividends,DTAA,Income Tax,Interest,Non-Resident Individuals,Qualified Munim Group,Rent,Royalty,Salary,Tax Rates,TDS,Technical Fees
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