Tax in India on NRE fixed deposit

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  1. Narayana

    Narayana New Member

    Hi
    I am living in UAE. i did some NRE fixed deposits in SBI bank around 70 to 80 Lakhs.
    Is there is any tax applicable on interest earned from NRE fixed deposits if it exceeds 2.5 Lakhs per year?
    And i want to inform you that my residence country UAE is tax free country.
     
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