in hand from a $300,000 draw in FY 2028–29, after $37,500 across both systems — a blended 12.5%. You are RNOR that year.
Where the tax goes
The order this follows from your inputs
Buckets are ranked by what one more dollar drawn from each would cost across both systems, cheapest first, and drawn in that order until the year's need is met. It is an ordering, not a recommendation — change a rate and it changes.
| Bucket | Where | Cost / $1 | Drawn | Tax | Net |
|---|---|---|---|---|---|
| Cash | India | 0.00% | $20,000 | $0 | $20,000 |
| Indian equity-classified holdings | India | 7.50% | $80,000 | $6,000 | $74,000 |
| US taxable brokerage | US | 7.50% | $100,000 | $7,500 | $92,500 |
| Indian statutorily exempt account | India | 24.00% | $40,000 | $9,600 | $30,400 |
| US tax-deferred account | US | 24.00% | $60,000 | $14,400 | $45,600 |
| Indian slab-taxed holdings | India | 31.20% | — | — | — |
Greyed rows were not reached — the need was met before them. Which buckets get reached is the whole of the difference the window makes.
What the window is worth here
Indian tax not charged · the gross figure
what the household actually keeps
The working
Show the working
Residency for this year
Landing 3 October 2027 makes FY 2028–29 a RNOR year — non-resident in 10 of the preceding 10 FYs (s.6(6)(a), first limb). The full year-by-year working is on the RNOR window screen.
How each bucket is priced
| Bucket | India | US | Combined |
|---|---|---|---|
| Cash | 0.00% | 0.00% | 0.00% |
| Indian equity-classified holdings | 6.25% | 7.50% | 7.50% |
| US taxable brokerage | 0.00% | 7.50% | 7.50% |
| Indian statutorily exempt account | 0.00% | 24.00% | 24.00% |
| US tax-deferred account | 0.00% | 24.00% | 24.00% |
| Indian slab-taxed holdings | 31.20% | 24.00% | 31.20% |
Cash. Already-taxed money. Drawing it triggers nothing.
Indian equity-classified holdings. Indian-source gain: taxed in India at every residence status, and US-taxable with a credit.
US taxable brokerage. US-source gain, and this is a sheltered year — outside the Indian net.
Indian statutorily exempt account. Exempt in India, modelled as ordinary income in the US — with no Indian tax paid, there is nothing to credit against it.
US tax-deferred account. US-source ordinary income, and this is a sheltered year — outside the Indian net.
Indian slab-taxed holdings. Indian-source income: taxed in India at every residence status, and US-taxable with a credit.
What the window comparison holds constant
The two figures above answer “the same need, met the cheapest available way, under each residency status”. They are not the same draw priced twice — once the window closes the cheapest route changes, so a different set of buckets gets reached. That change IS the effect being measured, and it is why the comparison can move a long way for a small change in the need.
Two different credit models on one screen, on purpose
The ladder uses a shorthand: where both systems reach the same income, the household pays the higher of the two rates rather than their sum. The “what the window is worth” figure above uses the actual section 904 limitation instead, which caps credit at US tax times the foreign-source share of taxable income. The limitation is stricter, so the two can disagree — and where they do, the limitation is the one closer to a real return.
Everything this leaves out
US state income tax. Not modelled anywhere on this site. It is material in several states, no credit here relieves it, and it can be large enough to reverse the ordering above.
Bracket movement as the year fills up: rates here are flat marginal assumptions you set, so a large draw really costs more than this shows. Deduction apportionment to foreign-source income, which shrinks the credit. Treaty resourcing. The residence tie-breaker for a year both countries treat you as resident. And the fact that the two tax years do not line up — India runs April to March, the United States runs the calendar year — which can strand a credit on timing alone.
The treatment of a statutorily exempt Indian account under US tax is genuinely unsettled; it is modelled here as ordinary income, which is the more expensive reading. See EPF and PPF under US tax.
Rupee figures use at ₹95 / $, an assumption you set rather than a live rate.
What this screen deliberately does not do
It shows one year. It does not sequence the window — which account in which month across all of it, and what to file. That is a different kind of question and it is not one a calculator answers.