New Delhi, Feb. 5 -- Budget 2025 has been well received by middle-class Indians, particularly due to the zero tax on income up to Rs.12 lakh under the new tax regime. However, not all non-resident Indians (NRIs) are thrilled.

According to the rules, individuals can receive a rebate of up to Rs.60,000 or any income tax paid for income up to Rs.12 lakh in a year under Section 87A. However, this rebate is exclusively available to residents and does not extend to those who qualify as non-residents under the Income Tax Act.

"The rebate is designed as a tax relief for small-income earners residing in India, ensuring that lower-income residents are not burdened with tax liability. Since NRIs earn their income outside India and may have tax lia...