Form 41 (formerly Form 10F) and DTAA payout comparison

Compare editable domestic and indicative treaty withholding assumptions for NRO interest. Form 41 (formerly Form 10F) and a TRC support a claim but do not guarantee a rate.

Form 41 (formerly Form 10F) and DTAA withholding comparison

A simple-interest NRO deposit payout comparison with editable domestic and treaty rates.

Modelled increase in net payout

30,375

23.55% payout difference

Domestic assumption

31.2%

Withheld
58,500
Net interest
1,29,000

Treaty assumption

15%

Withheld
28,125
Net interest
1,59,375

Form 41 (formerly Form 10F) and a valid Tax Residency Certificate support a treaty claim, but they do not guarantee that the selected rate applies. Simple-interest payout model. Treaty rates are indicative ceilings for ordinary interest; the exact article, beneficial ownership, TRC, Form 41 (formerly Form 10F), PAN and bank documentation must be validated.

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