Hi,
I'm planning to become a full time employee of an Indian Foundation (Section 25) company in addition to my current role being a member of the board of Directors. I'm currently a non-resident Indian and living in UK.
This has raised me few questions, how does the indian company pay me a salary and where shall I pay taxes.
If anyone have some guidelines, please assist me,
Thanks,
Priya
AS PER MY OPINION
THIS INCOME IS DEEMED INCOME AS PER SECTION 9 AND U HAVE TO PAY TAX ON THAT INCOME
HOWEVER, THE EMPLOYER HAVE TO DEDUCT TDS & HE WILL PAY THE TAX ON UR BEHALF
& THE NR SLAB RATE WILL BE APPLIED I.E 160000 EXEMPT LIMIT
AND U ALSO HAVE TO FILE INCOME TAX RETURN IN INDIA
| Originally posted by : Dheeraj | ||
 |
AS PER MY OPINION THIS INCOME IS DEEMED INCOME AS PER SECTION 9 AND U HAVE TO PAY TAX ON THAT INCOME HOWEVER, THE EMPLOYER HAVE TO DEDUCT TDS & HE WILL PAY THE TAX ON UR BEHALF & THE NR SLAB RATE WILL BE APPLIED I.E 160000 EXEMPT LIMIT AND U ALSO HAVE TO FILE INCOME TAX RETURN IN INDIA |
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Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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