Relief for NRIs: Foreign Income to Remain Tax-Free
Do NRIs have to pay tax on foreign income earned while working on government schemes?
No, this is no longer the case. The government has announced that NRIs will not have to pay taxes on foreign income earned while working on government schemes from 2026.
This is a major relief for NRIs who have been contributing to the country’s development through various government initiatives. The decision aims to encourage more NRIs to participate in government schemes and projects.
The government has clarified that NRIs will not be taxed on foreign income earned while working on government schemes, as long as they are not tax residents of the country where the income is earned.
This move is expected to benefit thousands of NRIs who are currently working on government schemes abroad.
The government has also announced that it will provide necessary support and facilitation to NRIs to enable them to participate in government schemes and projects.
This development is expected to boost India’s economy and provide opportunities for NRIs to contribute to the country’s growth.