🏠 Resident or 🌏 NRI? Know Your Tax Status!
Published
Do you know your residential status as per the Income Tax Act? It’s important because your tax liability in India depends on whether you are a Resident or a Non-Resident (NRI).
👉 You are a Resident in India if:
✅ Stayed in India for 182 days or more during the financial year, OR
✅ Stayed in India for 60 days or more in that year + 365 days or more in the last 4 years.
👉 You are an NRI if: ❌ Stayed in India for less than 182 days in the financial year.
📌 In short:
182 days or more = Resident 🏠
Less than 182 days = NRI 🌍
💡 Know your status, plan your taxes better!