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Nri taxation services

NRI Taxation Services

NRI Taxation Services

Who is an NRI and how we provide our NRI services?

An NRI is an Indian who is residing outside of India and is not under the Income-Tax Act of India but that doesn’t mean that he or she cannot do business in India. NRI’s establish their office and business here also but need to follow some rules and regulations of India. They generally face dire investments and financial issues and this is the time when you require an expert who can guide you and deliver you the best investment and legal services. We are backed by our office in New Delhi and cater the best accounting services in India.

Strictly following all the rules comes under FEMA for the world class foreign exchange services

Ajay Sawhney and Associates’ helps its clients getting the best services through preparing them for the income tax returns and benefits, tax advice based on the advanced tax planning which is further based on the particular needs of its clients. We teach them how to be a good business runner and how to get the maximum amount of benefits out of the tax regulations rules related to the NRIs. We have some expert NRI Tax Advisors and team members who prepare a summary of your non resident Indian taxation requirements and review on it. You can directly take advice from the well-skilled service providers for better results and profits.

Tax Consultancy Service

We cater some services that require skills like representation, planning and documentation and tax consultancy services like:

  • Tax returns procedure for the individuals, NRIs etc
  • Representing clients and appearing before various authorities like
  • Assessing officer and Tribunal authorities.
  • Tax Assistance such as tax planning, permanent account number, filling of E-Income tax etc.

We are the acing service provider to the NRIs and the ones who are non-resident in India but desire to establish their business here.

Income Tax Slab Rates For FY 2017-18(AY 2018-19)

For FY 2017-18, the slab rate for income tax up to Rs. 5 lakh has gone down from 10% to 5%.

PART I: Income tax slab for individual tax payers & HUF (Less Than 60 Years Old) (Both Men & Women)

Income Slab Tax Rate
Income up to Rs 2,50,000* No tax
Income from Rs 2,50,000 - Rs 5,00,000 5%
Income from Rs 5,00,000 - Rs 10,00,000 20%
Incomme more than Rs 10,00,000 30%
Surcharge: 10% of income tax, where total income exceeds Rs.50 lakh up to Rs.1 crore.
Surcharge: 15% of income tax, where the total income exceeds Rs.1 crore.
Cess: 3% on total of income tax + surcharge.
*Income tax exemption limit for FY 2017-18 is up to Rs. 2,50,000 for individual & HUF other than those covered in Part(II) or (III)

PART II: Income tax Slab for Senior Citizens (60 years old or More but Less than 80 Years old) (Both Men & Women)

Income Slab Tax Rate
Income up to Rs 3,00,000* No tax
Income from Rs 3,00,000 - Rs 5,00,000 5%
Income from Rs 5,00,000 - Rs 10,00,000 20%
Incomme more than Rs 10,00,000 30%
Surcharge: 10% of income tax, where total income exceeds Rs.50 lakh upto Rs.1 crore.
Surcharge: 15% of income tax, where the total income exceeds Rs.1 crore.
Cess: 3% on total of income tax + surcharge.
*Income tax exemption limit for FY 2017-1 is up to Rs. 3,00,000 other than those covered in Part(I) or (III)

PART III: Income tax Slab for Senior Citizens (80 years old or More) (Both Men & Women)

Income Slab Tax Rate
Income up to Rs 2,50,000* No tax
Income up to Rs 5,00,000* NO tax
Income from Rs 5,00,000 - Rs 10,00,000 20%
Incomme more than Rs 10,00,000 30%
Surcharge: 15% of income tax, where total income exeeds Rs 1 crore.
Cess: 3% on total of income tax + surcharge.
*Income tax exemption limit for FY 2017-18 is up to Rs. 5,00,000 other than those covered in Part(I) or (II)

FY 2017-18 Tax Changes

Income Changes
2.5L TO 5L 5% Instead of 10%
5L TO 10L 20% (same as before)
10L+ 30% (same as before)
50L - 1Cr 10% Surcharge
1Cr + 15% Surcharge (same as before)