Getting paid in usd in India

Anyone has an idea on how taxes work if you're working remotely for a foreign (say US) company. Is it like you are taxed both from the US and India? For those who are working in such companies, it will be great if you can shed some light here.

I recently got a job offer at a well-funded remote startup headquartered in the US as a DevOps engineer. They adjust the salary package to account for the country so I won't be earning in crores... but I wanted to ask people who are in remote positions as to how to negotiate a salary that will be rigid more or less,no options are there to negotiate till a super high margin (maybe 10% max). For example, they are offering 33 LPA currently, does that put me in a higher tax bracket and can I negotiate for a lower compensation so that I can be put in a lower tax bracket, say I ask for 29 LPA and ask for a joining bonus (or HRA) or some restructuring to do that? I don't understand how taxes work in India especially with remote payments but I'm hoping someone can offer the right guidance and resources so that I can look into this in depth later on as well. This is my first ever job and I got it straight out of college, so I do not mind even if they are paying me less than their US counterparts. This salary is more than enough to survive in a tier 2 city (will be shifting back to live with my parents). I don't have much investments right nos, just a couple of FDs and some equity + debt funds along with stocks (mostly banks + chemical companies here and there). I can look into ELSS funds and what not if that can save up some taxes. I am considering talking to a CA about this too. (Note: not comfortable with naming it even if this is an anonymous platform because it has like a strength of 50 and I feel it is irrelevant to the discussion). TIA!

How does your startup pay you? Most startups use Gusto or Ripling but they don’t seem to offer a way to get paid in $USD to an Indian account. The tax burden for a contractor ( with GST ) is high and is saddening to lose out on the benefit of no tax for service export ( when paid in USD only ) Have any of your figured out how to take salary denominated in $USD in an Indian account? TC: 35+ YOE: fresher

I’m not talking about companies like Meta, Google or companies that have their branch offices in India. Even Turing has registered India entity to pay employee salaries. For example, take Miro. They have offices in Amsterdam but they don’t have a registered entity/office in India. Can companies like those hire Indian workers and make them work remotely from India? If yes, how would they pay salary? They won’t have official payroll here and without a registered entity they can’t pay PF. How does this salary thing works in this case? And do we have to pay taxes for both the countries? Reason for asking: I was watching “Silicon Valley” and there was an episode where Pied Pieper hires 3 engineers from India, Pak and Europe without having any official offices in those country. How would they pay their salaries? Also, read somewhere on Medium that few people are working this way and getting paid $ equivalent of their salaries. If anyone knows anything about this kindly share info on comments.

Hello folks, So I got an offer from a US based product company for remote role for Product designer. This company just raised a seed funding. They don’t have any office in India but their tech team and some of the people from leadership team (CxOs) are from India. I’m confused whether to go with this offer or not. Reason: 1. Their interview process was too good to be true, it was very quick, no assignments given, they just saw the portfolio, ask some process related questions and then they agreed to give offer. 2. It’s a pure remote company with no plans to build office in India in coming future. 3. They have very small team, I’ll be working as 2nd designer only. 4. As per the current job market, I’m afraid about their future. YOE : 3yrs Hike that I’m getting is 50% Help a fellow UX designer decide whether to go with this or not.

Fellow freelancers of coders/designers. I used to freelance via upwork. Now I have a direct UK based client outside of Upwork. I don't know how to receive a payment. - Do i set up a PayPal account ? - He said he can try using WISE transfer ? Is it possible to transfer directly to my personal bank account ? - What are the rules ? Does RBI creates issues in bank transfer/PayPal ? - Anything I am missing? Want to complete this all today so he sends it tomorrow and I get a Diwali baksheesh :) Help appreciated.

Hi, I need some help from the finance experts.. I have been doing freelancing for a few months. Until now I was doing it on upwork and other freelancing sites and the amount was also lower (<1lac). Recently I was working with a client outside of the freelancing sites. The client will be paying me in dollars. For transferring the payment he said he will only do via wire transfer. Now my question is which is the best way to reduce the taxes which I have to pay to the government. The amount will be >10lac. I am already earning more than 10lpa from my job so if I get that money in my account I'll have to pay more tax. On the other hand my parents earnings are not coming under the income tax slab. Should I directly transfer the amount in my account or to my parents account or should I create a msme and register it under GST? TIA 🙏

For people who are working remotely for companies outside India, how much u make? What is your profile and techstack? How is tax applicable? How is the job security? Please share your journey