Tax Residency
Also known as: Residency Status, Tax Resident
Legal status determining which country has the right to tax an individual's worldwide income.
Detailed Explanation
Tax residency determines whether you're liable to pay tax on global income in India. Key tests include: ≥182 days in India makes you a resident; ≥120 days + Indian income >₹15L also triggers residency; 9/10 years as NRI or ≤729 days in last 7 years makes you RNOR (Resident but Not Ordinarily Resident). Residents pay tax on global income, RNOR pay on Indian income + controlled foreign income, Non-residents pay only on Indian income.
Related Calculators
Related Terms
DTAA
Double Taxation Avoidance Agreement between countries to prevent double taxation of income.
RNOR
Resident but Not Ordinarily Resident - special tax status with limited global income taxation.
Deemed Resident
Special residency rule for Indian citizens with income >₹15L who aren't liable to tax elsewhere.