TDS Rates for NRI Non-PIS Accounts Explained

How are the TDS rates determined for NRI Non-PIS accounts at FYERS?

FYERS deducts Tax Deducted at Source (TDS) on Short-Term Capital Gains (STCG) and Long-Term Capital Gains (LTCG) for NRI Non-PIS accounts based on Indian tax laws. The rates depend on the type of capital gain and the asset class (Equity or Non-Equity).

Here’s the detailed breakdown:
​
Segment
Capital Gains Type
Holding Period
Base Rate
Surcharge
Cess
Overall Rate
Equity
STCG
Less than 365 days
20%
15% on Base Rate
4% of (Base + Surcharge)
23.92%
 
LTCG
More than 365 days
12.5%
15% on Base Rate
4% of (Base + Surcharge)
14.96%
Non-Equity
STCG
Less than 3 years
30%
15% on Base Rate
4% of (Base + Surcharge)
35.88%
 
LTCG
More than 3 years
20%
15% on Base Rate
4% of (Base + Surcharge)
23.92%

Explanation of Terms:  
  1. Short-Term Capital Gains (STCG): Gains from selling securities within the specified holding period.
  2. Long-Term Capital Gains (LTCG): Gains from selling securities after the specified holding period.
  3. Surcharge: Additional tax charged on the base TDS rate, depending on the tax slab.
  4. Cess: A 4% charge on the combined Base Rate and Surcharge.
The applicable TDS may vary from the type of scrips. To know more refer to the below attachment.

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