| 1992 | Academy Award for Best Director, James Ivory |
| 1992 | Academy Award for Best Picture, Ismail Merchant |
| 1992 | Academy Award for Actress in a Leading Role, Emma Thompson |
| 1992 | Academy Award for Actress in a Supporting Role, Vanessa Redgrave |
| 1992 | Academy Award for Writing Adapted Screenplay, Ruth Prawer Jhabvala |
| 1992 | BAFTA Award for Best Actress in a Leading Role, Emma Thompson |
| 1992 | BAFTA Award for Best Actress in a Supporting Role, Helena Bonham Carter |
| 1992 | BAFTA Award for Best Actor in a Supporting Role, Samuel West |
| 1992 | BAFTA Award for Best Direction, James Ivory |
| 1992 | BAFTA Award for Best Film, Ismail Merchant |
| 1993 | Golden Globe Award for Best Actress - Drama Film, Emma Thompson |
| 1993 | Golden Globe Award for Best Director - Film, James Ivory |
| 1993 | Golden Globe Award for Best Drama Film, Ismail Merchant |
| 1992 | DGA Award for Outstanding Directorial Achievement in Feature Film, James Ivory |
| 1993 | American Society of Cinematographers Award for Outstanding Achievement in Cinematography in Theatrical Releases, Tony Pierce-Roberts |
| 1992 | Academy Award for Costume Design, John Bright |
| 1993 | Independent Spirit Award for Best Foreign Film, James Ivory |
| 1993 | Golden Globe Award for Best Screenplay - Motion Picture, Ruth Prawer Jhabvala |
| 1992 | Academy Award for Best Art Direction, Luciana Arrighi |
| 1992 | BAFTA Award for Best Screenplay, Adapted, Ruth Prawer Jhabvala |
| 1992 | BAFTA Award for Best Cinematography, Tony Pierce-Roberts |
| 1992 | BAFTA Award for Best Editing, Andrew Marcus |
| 1992 | BAFTA Award for Best Production Design, Luciana Arrighi |
| 1992 | BAFTA Award for Best Costume Design, John Bright |
| 1992 | BAFTA Award for Best Makeup & Hair, Christine Beveridge |
| 1993 | César Award for Best Foreign Film, James Ivory |
| 1992 | National Society of Film Critics Award for Best Actress, Emma Thompson |
| 1992 | National Society of Film Critics Award for Best Supporting Actress, Vanessa Redgrave |
| 1993 | Writers Guild of America Award for Best Adapted Screenplay, Ruth Prawer Jhabvala |
| 1992 | Academy Award for Best Cinematography, Tony Pierce-Roberts |
| 1992 | Academy Award for Original Music Score, Richard Robbins |
| 1993 | David di Donatello for Best Foreign Actor, Anthony Hopkins |
| 1993 | David di Donatello for Best Foreign Actress, Emma Thompson |
| 1993 | David di Donatello for Best Foreign Film, James Ivory |