How are the TDS rates determined for NRI Non-PIS accounts at FYERS?
For NRI clients operating Non-PIS (Non-Portfolio Investment Scheme) accounts at FYERS, Tax Deducted at Source (TDS) is automatically deducted on capital gains arising from trades. The applicable TDS rates are governed by Indian tax laws and vary by the type of security (Equity vs. Non-Equity) and holding period (Short-term or Long-term).
TDS rates for NRI Non-PIS accounts
| Segment | Capital Gains Type | Holding Period | Base Rate | Surcharge | Cess | Total TDS Rate |
|---|
| Equity | STCG | Less than 365 days | 20% | 15% of base | 4% on (Base + Surcharge) | 23.92% |
| Equity | LTCG | More than 365 days | 12.5% | 15% of base | 4% on (Base + Surcharge) | 14.96% |
| Non-Equity | STCG | Less than 3 years | 30% | 15% of base | 4% on (Base + Surcharge) | 35.88% |
| Non-Equity | LTCG | More than 3 years | 20% | 15% of base | 4% on (Base + Surcharge) | 23.92% |
Explanation of key terms
- STCG (Short-Term Capital Gains): Profits from selling assets held for less than the minimum long-term period.
- LTCG (Long-Term Capital Gains): Profits from selling assets held beyond the specified period (1 year for equity, 3 years for non-equity).
- Surcharge: An additional 15% tax on the base TDS amount.
- Cess: A 4% health and education charge applied to the combined base and surcharge amount.
What if...
| Scenario | What you should know |
|---|
| You trade in both equity and non-equity assets | TDS is calculated separately for each segment based on holding period and asset class |
| You hold assets beyond the long-term limit | Lower LTCG rates apply (12.5% for equity, 20% for non-equity, plus surcharges) |
| You want a full breakdown of applicable scrips | Refer to FYERS' official TDS applicability chart (attachment or Support link) |
TDS on Non-PIS accounts is deducted upfront—ensure you review TDS ledgers and consult your tax advisor for claiming credit under the Double Taxation Avoidance Agreement (DTAA), if applicable.
Last updated: 19 Jun 2025
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