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, legal services and NRI Taxation in India. 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

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 Slabs & Rates for Individual Tax Payers & HUF (Less Than 60 Years Old) for FY 2019-20 – Part I

• No tax for individuals with income less than ₹ 2,50,000
• 0%-5% tax with income ₹ 2.5 lacs to 5 lacs for different age groups
• 20% tax with income ₹ 5 lacs to 10 lacs
• 30% tax with income above ₹ 10 lacs
• A tax rebate under section 87A is allowed to individual taxpayers a maximum amount of:
  • – Rs 2,500 for total income up to Rs 3.5 lakh for FY 2018-19
  • – Rs 12,500 for total income up to Rs 5 lakh for FY 2019-20
• Investments upto ₹ 1.5 lacs under Sec 80C can save ₹ 46,800 in taxes. Invest Now

Note : An additional 4% Health & education cess will be applicable on the tax amount calculated as above.

Income Tax Slabs for Senior Citizens (60 Years Old Or More but Less than 80 Years Old) for FY 2019-20 – Part II

Note : An additional 4% Health & education cess will be applicable on the tax amount calculated as above.

Income Tax Slabs for Super Senior Citizens(80 Years Old Or More) for FY 2019-20 – Part III

Note : An additional 4% Health & education cess will be applicable on the tax amount calculated as above.

Surcharge applicable to the individuals covered in Part I, II and III:

Income Tax Slabs for Domestic Companies for FY 2019-20 – Part IV

In addition cess and surcharge is levied as follows:

Cess: 4% of corporate tax

Surcharge applicable:

However, the rate of surcharge in case of a company opting for taxability under Section 115BAA or Section 115BAB shall be 10% irrespective of amount of total income.