Can NRIs Choose New Tax Regime in India?

Yes, NRIs can change their tax regime while filing the income tax return.

Choosing the best regime depends entirely on your personal income sources and allowable deductions.

Yes, the new tax regime can be beneficial for NRIs with lower Indian-sourced income and fewer deductions, as it offers lower slab rates and a few eligible deductions.

No, the NRE account interest is not taxable under the new tax regime.

Yes, NRIs without professional or business income can switch between tax regimes each year. Whereas NRIs with business income can switch to the old regime only once in their lifetime.