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The Economic Times

NRIs / The Economic Times

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Is tax-exempt income in India also exempt in the US for NRI?

ET Wealth Reader's Query: If an income is tax-exempt in India, is it also exempt in the US for an NRI? For instance, interest on NRE accounts, FCNR deposits, and PPF is tax-free in Indiadoes it need to be reported in the US, and will it be taxed there, including PPF maturity proceeds?

19 May 2026 12:16 pm