Foreign going person. .

Shah Tarun (Student) (800 Points)

04 November 2012  

Hello,

One of my relative is shifting to US for 3 years on employment.He will continue receiving basic salary in India during his stay in US apart from salary of 5000$ p.m in US,moreover he will receive rent amounting 1,20,000 pa in India. I want to know what financial arrangement he should do before leaving India.What is NRE/NRO account and how it can be helpful?