Income Tax on Dividend for NRI

[Mihir Modak]

what is the tax rate on dividend earned by NRI? whether they get basic exemption against dividend income?

 

[SACHIN GARG]

Slab Rate as applicable to individuals will be applicable. Yes, they get basis exemption (threshold limit) against dividend as well.

AI Summary

Taxation of dividend for NRIs: dividend income taxed under individual slab rates and eligible for basic exemption. Dividend income received by non-resident individuals is taxed according to individual income-tax slab rates, and NRIs are entitled to the basic exemption threshold against dividend income, so dividend receipts are aggregated with total income and assessed after applying the exemption limit.