NRI is known as a Non-Resident Indian (NRI). The Income-tax Act, 1961, provides different tax rules for Indian residents and NRIs. Indian-origin individuals are considered residents when they live for a certain period in India.NRI is known as a Non-Resident Indian (NRI). The Income-tax Act, 1961, provides different tax rules for Indian residents and NRIs. Indian-origin individuals are an-origin individuals are considered residents when they live for a certain period inThe Income-tax Act, 1961, provides different tax rules for Indian residents and NRIs. Indian-origin individuals are an-origin individuals are considered residents when they live for a certain period inThe Income-tax Act, 1961, provides different tax rules for Indian residents and NRIs. Indian-origin individuals are an-origin individuals are considered residents when they live for a certain period in India.