1
Enter Interest Earned
Add total yearly interest credited to your NRO savings or fixed deposit account.
NRO Interest Tax Calculator for NRIs
See what you actually earn on NRO interest after tax deductions.
How It Works
Simple, Step-by-Step Process
Follow these steps to get accurate results.
2
Apply Tax Rates
NRO interest is generally subject to 30% TDS, plus surcharge and cess.
3
Review Net Interest
Get total tax deducted, net post-tax interest, and your effective tax rate.
4
Plan Filing
Use the breakup to assess DTAA impact and estimate potential refund at ITR time.
Why This Matters
Understanding the Impact
Key reasons this calculator is important for NRIs.
High Default Withholding
NRO interest is often taxed higher than expected, affecting actual investment returns.
DTAA Opportunities
Many NRIs can reduce effective tax using treaty documentation and proper filings.
Refund Visibility
Understanding tax breakup helps you plan refund claims and annual compliance.
Key Rules
NRO Interest - Key Rules
Important Numbers to Remember
Base TDS Rate
30%
Surcharge
Income based
Health and Education Cess
4%
DTAA Relief
Available
NRE vs NRO Interest
NRE Interest
Completely tax-free in India. No TDS is deducted.
NRO Interest
Fully taxable in India. Banks deduct TDS automatically.
Disclaimer: This calculator provides indicative tax computation on NRO interest. It does not account for DTAA benefits or individual tax slabs. Consult a tax professional for personalized advice.