Welcome to India-Tax.com
Your Gateway to NRI Taxation

We are a NRI focused investment advisory firm from India, helping Non-Resident Indians including OCIs & PIOs to file taxes in India & answer their income tax & wealth tax questions. No matter how complex your Indian tax questions are, we will answer them.

Indian Taxes are quite complex. But No worries, We are here.!!
"NRIs & PIOs"  use the form on Right to send us your Income Tax queries

How we help?

At India-Tax.com we offer NRI Tax services to Non Resident Indians abroad including PIOs - Person of India Origin, when it comes to filing tax returns in India. Our CAs - Chartered Accountants & certified professionals will assist you in understanding India Taxation rules of India Incometax Department. Our Tax advisers will closely understand your Indian tax case online & will assist you to download tax forms and other relevant Indian tax applications and on the same lines help you calculate tax. Once you are done tax calculation, you may use these tax forms & tax applications to files taxes in India yourself or seek our assistance. Our service charges vary from case to case depending on its complexity, for this a client must write into us describing his taxing questions. To conclude, we help NRIs to not only save taxes but we also guide him about basics of Indian tax rules and how he can get tax rebates and exemptions.

Fundamentals of Income Tax in India

The CBDT (Central Board for Direct taxes) is governor of the Indian Income Tax department. The government of India taxes all taxable income of every individual. They also tax companies firms and other bodies of individuals as well.  The tax charge that is given depends on the income of the person. The Indian Income Tax Act of 1961 states the guidelines for the tax charges.

Taxes in India depends upon 2 factors:

1. Charge to Income-Tax: The Finance Act by the Union Budget states the rate at which income tax should be paid every year depending on the person and their income. The tax charges depend on the type of income a person has. A person can have a revenue income or a capital profit income. Very rarely, there are some revenue incomes that are said to be not taxable, but the rest of the revenues have tax. Very rarely, there are some capital profit incomes that are said to be taxable, but the rest of the capital profits do not have tax.
 

2. Residential Status: Tax will also depend on what residential status a person holds. A person can either be an ordinary resident, and not ordinary resident, or a non resident. If it is decided that a person is an ordinary resident, then all of their income, including income from outside India, will have tax. If it is decided that a person is a non ordinary resident, then all of their income generated in India or having anything to do with India will have tax. If it's decided that a person is a non resident, then all of their income accumulated in Indian or income that they receive in India will have tax.
 

Main groups of Income

There are many places that a person can receive income. They have been divided into five main groups.

• The first one is the income generated from Salary

• The second one is the income generated from Property

• The third one is the income generated from Business Profits

• The forth one is the income generated from Capital Gains

• The fifth group is the income generated from all other sources

TYPES OF TAXES in INDIA

The government of India is in charge of taxation in India. Taxes are their source of income/revenue. They use many types of taxes to tax the people of India. We have summarized some of the taxes that are charged by the Indian government.

• The Income Tax Act: This act was settled in 1961. Any person who has income having to do with India or lives in India will have to pay taxes according to the guidelines stated in the Finance Act.

• Corporate Tax: Corporate Tax in India is the tax that is put on companies’ profits. The rate of Corporate Tax fluctuates depending on if the profits are with the share holder or not.

• Added Value Tax: This is the tax that is put on traders and manufacturers. A manufacturer pays when purchasing the materials they need and a trader pays when buying goods. This tax is one its way to replacing a general sales tax. These taxes include all of the goods given by companies and business persons.

• Capital Gains Tax: A Capital Gain is money you get from selling a capital investment. The gain is the difference left when you buy an item and sell an item. The money that you make off of that item is what is taxed.

• Service Tax: This tax is for every state in India besides Jammu and Kashmir according to the Finance Act.

• Benefit Tax: All of the costs acquired by employees by their employers will have taxes. These costs could include gifts, parties, telephone, and entertainment. This is known as a Fringe Benefit.