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The NR stands for the non-resident, which is an individual who lives in one place but has an interest in another place.
A non-resident status is verified by the jurisdiction and the government. An individual is considered a resident for only tax purposes, not for voting purposes.
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What does NR mean for taxes?
Here are some of the taxable incomes that are given below:
If you are earning income in Indian, even if you are outside Indian, then you are taxable in India, and if you have earned income outside Indian but enter India, in this case also you are liable to pay the tax.
NRs are like the same taxes as residents with similar deductions, incentives. It includes the main exemptions, which are determinable, fixed, or periodical income, like prizes, dividends, and commissions.