NRI Retirement In India With Minimum Tax : Two Strategies Post Budget 2025

Amazing explanation. Can't detail it more simpler than this. You nailed it Keerthana madam.

Good content👍👍

5 Crore retirement corpus considered is as per todays expenses and the way you mentioned to achieve is in 25 years. when you are retiring after 25 years and the corpus required will be substantially high depends on the expenses at that time. Both are contradictory

The X factor here is that, taxation rules keep changing in India and is unpredictable for a 30 year retirement plan

Retirement is long term commitment. Should people trust goverment that they will keep 12lac no tax format next year ? Or a year after ? Simple answer NO. Dubai looks right place to be tax resident even we keep money aside - just looking at lifestyle , safety in specific age. India is good for powerful political people. Take example how SBI bank people treat to retire people , look at how much issue in healthcare for common retire people. Exception is saif ali khan since he is powerful. My dad didn’t get hospital bed in good hospital just because of festival season holiday. Later we somehow contacted MLA and on his request somehow we manage to get approval for hospital bed. But till that time very late. And my dad no more due to unavailability of treatment. Retirement is not just about money.

Very useful information for long term planning for retirement. But I have doubt for you to clarify. There is rule that 87a rebate is applicable only if your total income (including FD and LTCG) is under 12 lakhs. In this case the above strategy might not be eligible for rebate for FD income.

You need to consider the sequence of returns risk in equity. It's not stable 12%, 1 year you may get 36%, another year the return may be -10%. The long term average might be 12%.
Your calculations do not consider this basic aspect of equity investments.

I believe you wanted to keep it simple. Anyways I liked the video and subscribed to the channel.

The only way for India to attract NRI retirees from western countries is to have territorial taxation (like the Philippines). Basically any foreign sourced income from outside should not be taxed in India, including pensions, US 401ks, IRAs, Dividends/CG etc. Otherwise it is a hard sell for anyone serious to go back to retire in India. There will always be some exceptions, but overall it wouldn't cut it.

income tax and capital gain tax are same?

NRI taxation seems to be a step in the right direction, but much more is necessay to attract NRIs to retire in India. Global income taxation should be eliminated, making it tax friendly. NRIs when they retire in India obviously will bring in money into India for expenses, this will boost employment in senior care sector. Once you move foreign currency into India, very difficult to move it back. People who experienced say in YT, India tax rules are a nightmare, its a very difficult country, beuracracy, need to pay to get things done. They need to make life of NRIs easy, then it will attract loads of investment, and it will boost employment, better for India and everyone. Changes seem to be coming slowly. How about obtaining medical insurance for NRI seniors, is it possible once they move, you got to figure such costs.

Good video. But this is for those who are retiring now or in 2025. It is highly unlikely that the FD will give out 7% in next 5 years, let alone in 25 years. This video is defiantly not for someone who is retiring in next 10,15 or 20 years down.

Great taxation policy by goi to loot from tax payers

No single strategy is rock solid and shouldn't be followed, it has to change from time to time and hence this can be a generic advice for retirement planning

Unfortunately us citizens have tax on world income with a few caveats. 😢. Difficult to believe a country like India. Mexico/thailand/malaysia look attractive

India is not cheap any more when it comes to medical for old nri who always have medical issues

Honestly please dont explain this we all know. Say something new..

Is the amount for individual of for husband and wife together? Does is change for a single person retiring in India?

Madam.. Wonderful explanation.

Excellent voice and rich-data analysis content video. Of course the assumptions may not hold good for 30 yrs from age 50. Blessings from 81 -years old professional.

So we will have to pay tax on MF isnt it? If we investing in FD for tax free and rest MF

2 Lakh per month for retirement? when no child school/college/marriage/buying house/commute commitments?
My parents are still spending only 15k per month and very happy with it!
Even though UK is broke now, If I have 2000£ in uk with a house, I can retire happily... free medical, extra state pension, benefits!!

This idea that standard deduction is offset against the tax payable as per slab rates is faulty! Standard deduction is first applied on the total income. On 12 lakhs, reduce the standard deduction of 75000. Then apply the slab rates applicable for the remaining 11,25,000

NRIs are discriminated in the case of dividend income & short-term gain from shares. Cannot trust the government & plan retirement in India.

RNOR will be removed in DTC in 2025

Lots of misleadings. 1)
Taxation changes year to years 2) stock market growth of 12.5 is over optimistic. The past 30 years growth was due to the major Manmohan Singh reforms. There is nothing India has to offer now in the future no innovation no creativity only export of skilled Manpower.

Can you talk more slowly and clearly

I believe, apart from Long & short term capital gains tax, needs to pay the income tax (calculated from MF, FD and other sources exceeding more than 12L per year as per the slab.

Buy agricultural land in a remote area and engage in agricultural activities for 100% tax income in India

Many politicians, CAs, Rich doctors, Advocates buy huge chunks of agricultural land for tax savings 😊

Your above Number is not in whtsapp that link to join whtsapp is not working as it says the group is ful.ll

Nri usa sellar vs Nri Qatar buyer TDS?

Total bullshit.
$2-3 million to retire?
what a load of garbage!!

Are you leaving out pension and pension-like government benefits when saying 1 to 1.5 million USD required for Dubai retirement? What is impact of 40K$ per year of foreign pension on taxes?

I understand 5 + years term deposits are tax free, does it cover if the returned NRI collect interst every month of 5+ year FD ?

I have one query, I have NRE and NRO account, while sending money from abroad to India, I shall send it to NRE or NRO account? Is there any problem if I send it to NRO account?

Good video and I had exactly worked this out recently as I have just turned 50 and planning to retire. Dubai is costly and a family would need 4-6lakhs per month including rented apartments. India would be a better choice for returning NRIs considering culture, language, food and weather. However there are few negatives to overcome- unpredictable inflation, air quality, access to affordable healthcare through insurance( take one 3-5 years prior retirement), security in non gated communities, high house prices etc. A flexible way to approach retirement is to with draw money for MF investment during bullish market years and dip to FD investments during poor market conditions. Assume 2-5 years of low market returns and allow 1cr in FD, 1cr in Hybrid MF and 3cr in Equity MF and withdraw depending on market. That’s roughly my retirement strategy.

I have a question. If I keep an FD for me earning 12L PA and another FD earning 12L PA for my wife and we file taxes separately, can we be tax free?

2L/month is certainly high end for a senior couple. IL/month is more than enough. if you are in a small town, then its cheaper than 1L/month. Wherever you live in India, you will have serious water, air quality, heat and healthcare problems. with 1L-2L/month, you live happily in Vietnam, Cambodia or Thailand quite comfortably with better air quality, healthcare, water, fruits and food. So, India is not a good choice, unless you want to die sooner than later.

12.5 Lakhs +75k Rebate applicable only those who are salaried person? Is it applicable for FD or Debt or House rent interest/ income ?

Brilliantly explained ❤️👍

India doesn’t seem economical to retire, comparing the facilities one can get at less expense with better facilities in developed countries

Come back but never bring your savings back

U missed the most imp point. NRE account is always tax-free including fd, and if the fd is non callable, then banks offer a very good interest rate.

FIRST WHO TOLD YOU ..FD WILL BE 7% FOR NEX 5 YEARS EVEN😂😂

If I invest in FD in two different banks and get an interest of 11 lakhs in each bank, is it calculated as 22 lakhs or 11 lakhs of income interest for income tax?

Convulted calculation thru introduction of 120 day rule. How pathetic can ourbeaructats go dowb to.? Bunch of fools