Individual Tax Query

This query is : Resolved

Chakrapani (Querist)
Follow

19 July 2007 Scenario:
1)Will get Salary in India and for the same amount will pay tax
2)As we are having Valid Work permit, Even we will pay tax in Poland for certain amount
3)Will get perdiems and perks in abroad

Query:
1)Can we open NRI account
2)If we can open NRI account, can we remit our savings, If yes is there any tax implication
3)Is there any tax implication if the company transfers perdiem from foreign account to our NRI account
4) As we are paying Tax in India and also in Poland, Is there any better way to handle funds with out any hassle.

Shashi Mohan Jha

Shashi Mohan Jha (Expert)
Follow

21 July 2007 In India salary is taxed based on the residential status. In case you stay here more than 180 days your global income is taxed. however you would get a credit of the amount paid on overseas income.

Regarding opening an NRE/NRI account I dont see any problem.