Bangalore: Your NRI status can help you to get a tax exemption on your income earned outside India. This tax deduction also includes a standard deduction of 30 Percent of net annual value and interest on any of your borrowed capital. Apart from this, you can also get tax exemptions from other assets and investments like:

- All the dividends that you receive from domestic companies.

- Income arising on any of your bank deposits – this income will be treated as interest income and thus it will be charged under ‘Income from other sources’.

- Money exceeding 25,000 (INR), is liable to be taxed, even the amount is received as a gift.