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of <h1>Non-resident Indian tax applies 20% to specified investment income, 12.5% to long-term capital gains, aggregate remainder taxed at prevailing rates</h1> A non-resident Indian's total income including specified investment income and long-term capital gains is taxed by aggregating amounts computed by applying prescribed rates to those components: investment income at 20% and long-term capital gains on specified assets at 12.5%; the remainder of the total income, after excluding those components, is taxed at the prevailing rates in force. The provision requires separate rate application to each listed income category and aggregation to determine the income-tax payable.
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