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What are tax-concessions available to NRIs on balances / deposits held under NRE/FCNR(B) accounts ?

April 26, 2017accounts balances deposits FCNR held NRE NRIs

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What are tax-concessions available to NRIs on balances / deposits held under NRE/FCNR(B) accounts ?

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Income by way of interest of FCNR(B)/NRE deposits and NRNRRDs will be exempted from payment of Indian income tax. However interest income on NRO accounts in subject to payment of income tax.