Income type guide
Bond/NCD Interest TDS
Interest from bonds and NCDs faces 30% TDS for NRIs. DTAA reduces this to 10-15% as it qualifies as interest income under most treaties.
How it works
What happens to your bonds/ncds as an NRI
Interest earned on corporate bonds, NCDs, and government securities by NRIs faces 30% TDS under Section 195. This is classified as interest income and benefits from DTAA treaty rates.
30%
Default TDS rate
Varies
DTAA rate by country
Bonds/NCDs rates by country
What each country's treaty says
Sorted by savings potential. 30 countries with a DTAA benefit, 0 with the same rate.
Nigeria
Article 11 — one of the BEST interest rates among all DTAAs
Default → DTAA
30%→7.5%
Oman
Article 11 — BETTER than UAE's 12.5%!
Default → DTAA
30%→10%
Saudi Arabia
Article 11
Default → DTAA
30%→10%
Qatar
Article 11
Default → DTAA
30%→10%
Germany
Article 11
Default → DTAA
30%→10%
Netherlands
Article 11 — excellent rate
Default → DTAA
30%→10%
Bahrain
Article 11
Default → DTAA
30%→10%
Kuwait
Article 11
Default → DTAA
30%→10%
France
Article 11
Default → DTAA
30%→10%
Ireland
Article 11
Default → DTAA
30%→10%
Switzerland
Article 11
Default → DTAA
30%→10%
Malaysia
Article 11
Default → DTAA
30%→10%
Japan
Article 11
Default → DTAA
30%→10%
South Korea
Article 11
Default → DTAA
30%→10%
Hong Kong
Article 11
Default → DTAA
30%→10%
New Zealand
Article 11
Default → DTAA
30%→10%
South Africa
Article 11
Default → DTAA
30%→10%
Kenya
Article 11
Default → DTAA
30%→10%
Sweden
Article 11
Default → DTAA
30%→10%
Norway
Article 11
Default → DTAA
30%→10%
Denmark
Article 11
Default → DTAA
30%→10%
Thailand
Article 11
Default → DTAA
30%→10%
Indonesia
Article 11
Default → DTAA
30%→10%
Philippines
Article 11
Default → DTAA
30%→10%
UAE
Article 11
Default → DTAA
30%→12.5%
US
Article 11
Default → DTAA
30%→15%
UK
Article 12
Default → DTAA
30%→15%
Singapore
Article 11
Default → DTAA
30%→15%
Canada
Article 11
Default → DTAA
30%→15%
Australia
Article 11
Default → DTAA
30%→15%
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