Interest from NRE account is exempt from tax Photo: iStockPremium Any interest income from the savings account is likely to be clubbed along with your total income. If your total income taxable in India exceeds ₹2.5 lakh, you must file an income tax return in India and include the income mentioned above Share Via Read Full Story I live in the UK and hold a British passport. I have NRE accounts with savings of ₹50 lakh, on which I get interest. Do I have to pay tax in the UK or India? —Name withheld on request 2 min read Premium 4 min read Premium