V HAMSAPRIYA (Operations and Finance Manager) (52 Points)
19 August 2010Hi,
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
Dheeraj
(Learner)
(1100 Points)
Replied 19 August 2010
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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