- Home Page

Income Tax Exemption under Section 10(4)(ii) of Income Tax Act, 1961


Eligible Assessee

An individual being non-resident as defined under section 2(q) of FERA, 1973




Nature of Income

Interest earned on money standing in credit of his NRE account


Amount Exempt

Entire amount


Conditions laid down for Tax Exemption

  1. The person is either non-resident or is allowed to maintain NRE account by RBI

  2. Money in the said account is deposited in accordance with FERA, 1973

HOME  About Us   Contact Us   Disclaimer   Privacy Policy