NRIs in the US, did you know about this major tax change? 🚨 A 5% tax on money transfers to India is coming in July 2025! 💸 That’s ₹5,000 for every ₹1 lakh you send. 😱 Last year, the US sent $32 billion to India, and this tax could cost 4.5 million NRIs over $1.6 billion annually. Key Takeaways: ✅ 5% tax on transfers to India starting July 2025. ✅ H1B, L1, and Green Card holders impacted (NOT US citizens). ✅ Transfer larger amounts before June 2025 to avoid this tax. ✅ Tax credit may be available in your US return, but not guaranteed. What to do: Transfer now to avoid the tax. Share this with every NRI you know! 💬 For more updates, follow Enrichwise! 🔑 📞 Call us at 98218 60804, 96533 87088 or visit us at 5th Floor, Bellona, The Walk, Hiranandani Estate, Thane (W) 400 607 for Investments, Insurance & Tax Advisory. 📍 Enrichwise is an AMFI registered MFD. This content is for informational purposes only and does not constitute financial or investment advice.