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NRI Banking Services

How Is NRE Account Taxed In India?

Manish PrajapatBy Manish Prajapat |Last Updated: February 18, 2026
How Is NRE Account Taxed In India?
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  3. How Is NRE Account Taxed In India?
  4. Reading Time: 7 mins

An NRE account serves as an essential financial tool for non-resident Indians, PIOs, and OCIs, allowing them to manage their earnings in India from abroad. However, the concept of taxing an NRE account in India can be complex, and this blog aims to simplify it.

In this blog, we will explore NRE account taxation for NRIs, with a clear understanding of how taxes are applied to income deposited in a Non-resident external (NRE) account.

Manish Prajapat
Manish Prajapat(Tax Expert)

Mr Manish is a financial professional with over 10 years of experience in strategic financial planning, performance analysis, and compliance across different sectors, including Agriculture, Pharma, Manufacturing, & Oil and Gas. Mr Prajapati has a knack for managing financial accounts, driving business growth by optimizing cost efficiency and regulatory compliance. Additionally, he has expertise in developing financial models, preparing detailed cash flow statements, and closing the balance sheets.

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Related Articles
  • Section 80C Deduction
  • Form 61A – SFT Filing
  • Section 197 Lower Deduction
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Frequently Asked Questions

No, the tax exemption benefits remain unaffected if all joint account holders qualify as NRIs. However, a resident Indian cannot be a joint holder in an NRE account.

No, both the principal and interest in an NRE account are fully repatriable and are not subject to tax in India.

No, income earned in India cannot be directly credited into an NRE account. Indian-sourced income must be deposited into an NRO account.

Yes, the interest earned on an NRE account is completely tax-free in India as long as the account holder maintains NRI status under the Income Tax Act.

No, interest income earned on an NRE account is exempt from tax in India, provided the account holder qualifies as a Non-Resident Indian (NRI) under Indian tax laws.