How money works when you move between India and Australia — opening bank accounts, tax file numbers, superannuation, remittances, and the Indian rules (LRS, TCS, NRE/NRO) that apply on the way out. Factual explanations, not financial advice.
The RBI's USD 250,000 annual remittance ceiling and the current TCS rates on money sent under it — the ₹10 lakh threshold, the rate by purpose (education, medical, other), and the part most guides bury: TCS isn't a tax you lose, it's a credit against your Indian tax bill.
Once you become a non-resident under India's Foreign Exchange Management Act (FEMA), your existing resident savings account can no longer stay as-is — it must be converted or closed. This guide sets out, factually, what NRE, NRO and FCNR accounts are, what the rules require you to do with existing accounts, PPF, demat and mutual fund holdings, and how repatriation and Australian tax residency interact with each.
A line-by-line family-of-four budget for Sydney and Melbourne in AUD and INR — suburb-level rents in Parramatta, Harris Park, Blacktown, Tarneit, Point Cook and Clayton, an Indian grocery basket, utilities, transport caps, childcare, and what $85k/$110k/$140k salaries become after 2026-27 tax.
A plain-English map of the India-Australia Double Taxation Avoidance Agreement — how residency is decided when you have ties to both countries, how Australia's foreign income tax offset stops you paying tax twice on the same rupee, what the treaty says about salary, Indian rental income, bank interest, dividends and capital gains, and the recent fix (legislated 2022, effective 2023) to a long-running double-tax problem for IT services. General information only — not personalised tax advice.
Your Provident Fund can be claimed from Australia, but the setup has to happen while you're still in India. This guide covers UAN activation, Aadhaar-PAN-bank linking, the EPF vs EPS split, TDS rules, and the exact checklist to finish before you fly.
