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US NRI Income Tax Calculator

Estimate & File Returns

US Tax on Indian income: Tax Credit Adjusted
(India → US | FY 2024-25)

as of
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Indian Income (INR)

Rental income after deducting maintenance costs and property taxes.
Profit from selling assets if holding period is more than 24 months and 12 months for stock & securities.
Profit from selling assets if holding period is less than 24 months and 12 months for stock & securities.
Interest earned on an NRE account is tax-free.

US Income (USD)

Profit from selling shares, property, or other assets.
Income from letting residential/commercial properties after deducting expenses.
Interest from some municiapal/savings bonds is tax-free.

Disclaimer

This tax calculator is designed for estimation purposes only and should not be relied upon for actual tax calculations, financial planning, or tax filing. The results provided are based on general tax rules and may not reflect your specific tax situation, including applicable deductions, exemptions, or treaty benefits. Double taxation relief calculations are indicative and may vary based on interpretations and changes in tax laws.

Users should consult a qualified accountant or tax professional for accurate tax calculations and compliance with US and Indian tax regulations. The developers of this calculator assume no responsibility for any decisions made based on its outputs.

Indian Tax Calculation (INR)

Tax Bracket:

Regular Income Tax:

Capital Gains Tax:

Total Indian Tax:

US Tax Calculation (USD)

Tax Bracket:

Regular Income Tax:

Capital Gains Tax:

DTAA Credit Applied:

Final US Tax:

Total Worldwide Tax Liability

In USD:

In INR:

How to File Taxes in India and the US as an NRI & Claim DTAA Relief

As a US-based NRI, your Indian income is subject to US taxation. However, under the Double Taxation Avoidance Agreement (DTAA) between India and the US, you can claim relief to avoid paying tax twice on the same income. US taxes are based on citizenship rather than residency, meaning that US citizens and green card holders must report their worldwide income, even if they are living abroad as NRIs (Non-Resident Indians) or expats.

Why File Indian Taxes First?

Indian tax returns should be filed first since the ITR filing deadline is much earlier than in the US (India’s deadline is July 31st, while the US is typically April 15th for most taxpayers but for expats(including NRIs) there will be automatic extension for 2 months till June 15th.

Traditionally, many NRIs rely on chartered accountants (CAs) in India to file their taxes manually. However, online tax platforms are now offering a more efficient alternative. These platforms can:

  • Auto-fetch dividend & capital gains data from demat accounts and broker statements.
  • Retrieve TDS (Tax Deducted at Source) details from the Indian income tax portal.
  • Provide real-time tax calculations with minimal manual entry.

TaxBuddy is one such platform that simplifies the process by handling tax computation, deductions, and DTAA considerations.

Filing US Taxes & Claiming DTAA Relief

Once your Indian taxes are filed, you can submit the Indian Tax Return (ITR) to a US-based accountant who specializes in foreign income taxation. They will:

  • Apply DTAA relief, ensuring you don’t pay tax twice.
  • Offset Indian tax paid against US tax liability.
  • Ensure accurate US tax filing for compliance.

TaxBuddyUS , using referral code TBNRI123 for a discount, is a US branch of TaxBuddy. specializing in tax advisory services with a focus on integrating Indian and US taxation. They assist with tax relief, compliance, and expert guidance to ensure efficient tax management for individuals with cross-border income.

By leveraging online tax platforms for Indian filings and professional accountants for US filings, you can save time, minimize errors, and maximize DTAA tax relief effectively.

Core Assumptions

  • India CGT Rate : 12.5% for Long Term and 20% for Short Term (NRIs can’t claim indexation benefits), surcharge and cess will be extra
  • Indian tax deduction rules are not considered except for rental income standard deduction of 30%
  • US standard deduction is $14,600 for a single filer
  • US Long-term capital gains are taxed at 0%, 15%, or 20%, with the calculator assuming 15% for middle-income earners
  • US Dividends are treated as ordinary dividends and taxed as regular income
  • US Social Security and Medicare taxes are not included in the calculations
  • US State income taxes are excluded from the tax computation