Hidden Costs: NRIs Face Higher Effective Tax Rates

Imagine you earn a lot of money in India, like ₹60 lakh a year, and pay around 27% in taxes.

But there's more to it than just that tax!

A financial expert named CA Nitin Kaushik points out that NRIs also have to pay for things like expensive private schools for their kids.

These costs add up fast.

With private schooling costing a lot, the actual cost of living gets much higher.

Because of these extra expenses, the real amount of money leaving your pocket is closer to 40% of what you earn.

It is very important to look at all the costs before making a plan for your money.

The goal is to save money, not just earn it.