income tax on salary paid by overseas employer
by vipul shah on May 06, 2007 03:49 PM Permalink | Hide replies

I am resident indian, employed by an overseas employer. I got my salary in Euro from him, whether the income (salary) is taxable ?

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RE:income tax on salary paid by overseas employer
by Pavithran G on May 06, 2007 04:22 PM Permalink
Yes, my son!

Although you neednt declare it and spend it all in cash like most good men do.

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RE:income tax on salary paid by overseas employer
by Chandra Paul on May 06, 2007 05:40 PM Permalink
if you are working in India, you need to pay the tax in india. if you are working overseas you have to pay there, no need to pay in india. once you transfer the money to india, you have to pay tax on the interest earned on transferred money. hope i am not wrong :)

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RE:income tax on salary paid by overseas employer
by Amitabh on May 06, 2007 08:15 PM Permalink
Broadly you are right.

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RE:income tax on salary paid by overseas employer
by on May 19, 2007 05:40 PM Permalink
for a resident, world wide income is taxable

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RE:income tax on salary paid by overseas employer
by Amitabh on May 20, 2007 10:33 AM Permalink
Very trued but he can take advantage of the tax provisions and claim relief if he has incomes earned and received elsewhere and for which he is also taxed in that country.

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