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What are the taxes I have to pay in India if I transfer money to a NRE account (my account) and to a normal saving account (my family member's account)?
I have a question about taxes in India. If I transfer money to a NRE account that belongs to me, what taxes do I have to pay?
If you transfer money to your NRE account, there are no taxes that you have to pay. The interest that you earn on this account is tax-free as well.