Last Updated Jul - 04 - 2025, 12:30 PM | Source : Fela News
Trump's "Big Beautiful Bill" affects Indians living abroad-it reduces the remittance, keeps the rules of foreign income unchanged, and increases immigration fee
The "Big Beautiful Bill" recently passed by Donald Trump remains a topic of discussion among the Indian community living in the US. Even though its name looks dramatic, the bill has come up with a serious impact especially for those NRIS (NRIs) who handle matters related to financial and immigration.
The most relief news is that the tax on remittance has now been reduced. Earlier, where 5% tax was proposed by Indians living abroad on the money sent to India, it has now been reduced to only 1%. This is a great relief for millions of Indians who send money regularly to their family to cooperate financially. The special thing is that this tax will not be levied on the transfer done with American bank accounts or American debit/credit cards. This change will be applicable from 1 January 2026, which will give NRIs better control over its international transactions and some relief.
On the financial side, the bill leaves foreign income rules gets ignore. That means rental income or other income from India won’t face additional tax burdens in the US, and individuals can still claim foreign tax credits under current guidelines. For many, this consistency brings a sense of relief.
However, the bill is far from lenient when it comes to immigration. It proposes increased enforcement measures at the borders, higher application fees for visas, asylum, and work permits, and even fines for unauthorized entries. For instance, applying for a work permit now costs $550, and asylum seekers must pay $100, a steep rise from previous costs.
Jul - 10 - 2025
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Jul - 10 - 2025
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