110K+ Indians in France — India-France DTAA, PFU 30%, progressive income tax, Indian MF + equity + property investing.
Richify AI understands both Indian and international finance. Ask about NRI investments, DTAA, repatriation, or any cross-border question.
Download Richify — It's FreeNo — if you are an NRI (Section 6 residency tests not met), French salary is exempt from Indian tax. France taxes salary via progressive Impôt sur le revenu (0-45%) + CSG/CRDS social contributions (~17.2%). India-France DTAA prevents double taxation. Only Indian-source income (NRO interest, rental, Indian capital gains) is taxable in India. NRO interest is reducible via DTAA to 10% (vs 30% default) with TRC + Form 10F.
PFU is France's flat tax on investment income, introduced 2018. 30% total: 12.8% income tax + 17.2% social contributions (CSG/CRDS). Applies to: dividends, interest, capital gains from investments. For French tax residents holding Indian assets: PFU 30% applies on Indian MF / equity capital gains. CREDIT AVAILABLE: tax paid in India (e.g., 12.5% LTCG on equity) creditable against French PFU — pay only the difference (~17.5% additional in France). For Indian source income via DTAA: claim Indian reduced rate (10% on NRO interest, 10% on dividend) + then file French return for PFU with credit. Alternative: opt for progressive taxation if your marginal rate is lower (rare for high earners). High-income earners often pay full 30% PFU; low-income may benefit from progressive option.
Yes — France NRIs face no FATCA-equivalent burden like US NRIs. All Indian AMCs accept France NRI investments. KYC straightforward via Indian broker. Use NRE for repatriable units, NRO for India-source income. CAVEAT: French tax residents must declare all worldwide income including Indian MF gains to French tax authorities. PFU 30% applies after credit for Indian taxes paid. Complex but manageable — many French banks have specialized international tax teams.
10% under India-France DTAA (with TRC + Form 10F submission), vs 30% default Section 195 rate. Among the most favourable DTAA rates. Documents to submit to the bank before first interest credit of the FY: (1) TRC (Attestation de résidence fiscale) from French tax authorities (Service des Impôts des Particuliers). (2) Form 10F self-declaration with PAN. (3) Indian PAN card. Most Indian banks have NRI online portals where you can upload these once per FY — DTAA rate then applies automatically to all subsequent interest credits. France itself has a tax treaty desk at major Indian banks (HDFC, ICICI, Kotak) familiar with the process.
Generally NOT straightforward — France's pension system has limited refund options compared to Germany/Netherlands. OPTIONS: (1) Continue contributing during periods of visiting France — preserves entitlement. (2) Leave pension entitlement intact and claim monthly pension from age 64+ (recent reform raised from 62) when eligible. (3) For PER (newer retirement product 2019): withdraw at age 62+ with normal taxation. EU/Indian bilateral agreement may provide some pension portability — consult Caisse Nationale d'Assurance Vieillesse (CNAV) for specific guidance. For most Indians returning after 5-10 years: leaving pension + receiving monthly post-64 may be simpler than refund pursuit. Workplace pensions (AGIRC-ARRCO supplementary): check scheme rules separately.