NRI i.e. Non-Resident Indian is a Person of Indian Origin(PIO) who lives outside India.
A person is considered to be of Indian origin if they, their parents or grandparents were born in undivided India.
NRIs are taxed differently in India.
You are an NRI if the below-mentioned conditions are NOT satisfied:
- were in India for more than 182 days during the financial year
- were in India for a period of 60 days or more during the previous year
- and, 365 days or more during 4 years immediately preceding the previous year.