India, July 4 -- With US President Donald Trump's Big Beautiful Bill clearing Congress, many Indian NRIs are now questioning how it will affect their finances, from remittances and rental income to future real estate investments.

A significant revision to a proposed bill, unveiled on June 27, has drastically reduced the tax rate on remittances from Non-Resident Indians (NRIs) and Indian professionals in the US. The updated draft now stipulates a 1% tax on money sent back to India, a substantial decrease from the initially proposed 5%. This latest amendment further lowers the rate from the 3.5% figure previously seen in the House version of the bill, offering considerable relief to thousands.

The new draft reads, "There is hereby imposed...