if he has been India for a period or periods amounting in all to 365 days or more, during the 4 years preceding the relevant previous year and has been in India for a period or periods amounting in all to 60 days or more in that previous year.

If he has been India in that previous year for a period or periods amounting in all to 182 days or more.

Comprehensive Knowledge available NRI Tax Help Center

There is basic and additional condition for determining the residential status of different assessee. Resident but Not Ordinary Resident (RNOR).Sec.6 of the act divides the Assessee into 3 categories. It shall be determined on the basis of the residential status of the Assessee. Income tax is charged on total income earned by an Assessee during the previous year, but at the rate applicable to the assessment year. Example is interest income from bank deposits, winning from lottery, any sum of money exceeding Rs 50,000 received from a person (other than from relative, on marriage, under a will or inheritance). Income from other sources: Any income that does not fall under any of the four heads of income above is taxed under the head income from other sources.The gain can be on account or short- and long-term gains. Income from capital gains: Any profit or gain arising from transfer of capital asset held as investments(such as house, jewellery, are chargeable to tax under the head capital gains.Income from Business or Profession: Income earned through your profession or business is charged under the head РІР‚Вprofits and gains of business or profession.РІР‚в„ў The income chargeable to tax is the difference between the credits received on running the business and expenses incurred.If you have home loan then interest part of it would also be considered as negative income from House property. Even if your piece of real estate is not let out, it will be considered earning rental income and you will need to pay tax on it. Income from House property: Any residential or commercial property that you own will be taxed.The aggregate of the above incomes, after exemptions available, is known as Gross Salary and this is charged under the head income from salary. Salary includes basic salary or wages, any annuity, gratuity, advance of salary, leave encashment, commission, perquisites in lieu of or in addition to salary and retirement benefits.

Income from Salary: Income can be charged under this head only if there is an employer-employee relationship between the payer and payee.

Under the Act, all incomes earned by persons are classified under 5 income heads, such as: Income may also flow from investments in the form of Interest, Dividend, and Commission etc. For a businessman, his net profits will constitute income. In case of a salaried person, all that is received from an employer in cash, kind or as a facility is considered as income. With an unemployment rate of only 5.4% and a good social security system, UK is also one of the countries with the highest number of immigrants in Europe - over 7 million people, or about 12% of its population.The word Income has a very broad and inclusive meaning. According to the cost of living in London is high, being the 16th most expensive city in Europe. London is also one of the world's foremost industrial, financial, commercial, and cultural centres. The capital, London, was named the most popular city in the world five times in the last seven years, ahead of Paris. Self-employed individuals may pay these taxes through Self Assessment, by filling in a tax return at the end of the year.

Employers use this system to take Income Tax and National Insurance contributions from the employee's monthly salary. Most individuals pay Income Tax through the pay-as-you-earn (PAYE) system. This places United Kingdom on the 5th place out of 72 countries in the International Labour Organisation statistics for 2012. The average monthly net salary in the UK is around 1,730 GBP, with a minimum income of 1,012 GBP per month.

Income tax fl calculator