I don't know a lot more about this, but there is a double taxation avoidance agreement between India and other foreign countries. This is in place so you don't have to pay double taxes in 2 countries.  
  
 Ideally a certain amount of your salary will be withheld by US (withholding tax i think) as their tax. The remaining salary will be credited into your account as it is without any more deductions. Now, when you file ITR in India, you can show the withholding tax as your tax paid (Don't know the specifics) and be except from any other additional taxes.

Analyst

Hey 👋 CA here! 
  
 A couple of things to keep in mind: 
 1. Income may be taxed only in India & not in USA 
 2. The company may ask you to submit Form W-8BEN for US Tax 
  
 If you are working as an employee, social security (PF) payments may be made by company in USA.  
  
 If you are working as a consultant, you will need to evaluate GST registration & return filing requirements in India. 
  
 Best, 
 CA Sonu Jain

Software Developer

Spend some money on CA. Indian tax system are getting digitised. You will get notice of you fuck up.

Product Manager

Senior Consultant

At the end you should only be taxed on India's side since they have a agreement with US. 
 If you are taxed by US as well, your CA will have to claim refund while filing income tax

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 ...

Welcome to Software Engineers's Private Community

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.

Remote US job, Indian Tax + US Tax

Software Engineer

Remote US job, Indian Tax + US Tax- Grapevine

Welcome to Personal Finance's Private Community

Are there any tax benifits/ loss while working for a remote company while staying in India?

I'm told that the pay would be a bank - wire transfer every month or it could be a payoneer.

Are there any specific questions should i ask to get more clarity on this?

If you have any resource, please paste the link below ...

Getting paid in usd in India

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.

Need help to decide about job offer.

UX/UI Designer

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!

Tax savings and salary question for remote jobs

Scrum Master

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.

Can a foreign company hire Indian employee to work remotely?

Welcome to Moving Abroad's Private Community

I am currently working remotely for an American startup from India. I recently received my Visa and now have an option to move to US. I also have another job offer on-site in India that I am evaluating. 

My question is mostly on taxation and calculating in-hand salary. 

Current - 85 lacs base. Working as consultant. Registered GST. I am able to save tax and get to a post tax income of 75 lacs.
Savings 

New On-Site Indian offer - Base 98 lacs. 

My question is, what will be my post tax income while working as an employee in the Indian company.

Question on Taxation and Savings

I want to know if we can get a remote job from abroad IT companies in India. 
Does anyone have any experience? If yes pls share how someone can apply for the same.

Remote Working for abroad companies

Can someone throw light on RSUs(US based) taxation in India
1. How are taxes deducted? 
2. Does the taxes gets deducted in India as well as the US?
3. What is the right approach to pay these taxes? using shares or by salary if falling in 30% + surcharge bracket.
4. I salary is 85 lakhs and RSUs vesting per year is 50 lakhs..Then what would be taxable income?

Inputs are highly appreciated.

RSUs taxation in India

How to save income tax when you for a US based startup and pays you in dollars?

How has your experience been, best way to find that job (does cold emailing help?)

Also if you can share your comp, yoe, prev. Compay?

Anyone working for remote US companies from India?

Welcome to Office Gossip's Private Community

After reading replies in grapevine for dystopian policies, HR policies, work culture, companies to avoid(looks like all companies should be avoided), related questions I'm kind of regretting as I took the decision to stay back in India and not pursue masters abroad to live with my parents.

Given how pathetic the work culture is in almost all the startups(I'll go with 99.99%), politics and poor work life balance and living in a country where I don't get any tax benefits even after paying 30+% direct income tax, is it really worth living in this country anymore ? I'm feeling very sad, looks like I missed the opportunity to go abroad as I'm 25 now. Only my love towards my parents is holding me back since they both are around the age of 60 and I don't want to be the son who will make crores of money abroad and not be with them in case of any emergency. I'm don't want to leave them alone. Looks like there is no hope working in India. 😔

Is living in India worth it?

Backend Engineer

So I'm a trainee rn and have been thinking of making a switch (later, not immediately). I'm really drawn to the prospects remote jobs offer. But there's gotta be some fine print. I mean it can't be the exactly the rosy picture techbros paint all the time.

So I want to know the stuff nobody really talks about in detail. Like how are you taxed : are there bands, etc. How is the work life balance like? Does working remotely full-time with people from all around the world feel the same as working in a multicultural office? Is it sustainable over a long period of time?

All of your opinions are appreciated :)

Remote work - the nitty-gritty.

I'm a software dev contractor and I'm working for 2 companies, having a total income of 50L per annum. 

when I consulted a CA, he mentioned that I'll have to pay 18% GST (since business income is over 20L) and will also have to pay 30% income tax. 

i understand taxes are important and all, but I'm so not willing to give 6 months of my hard work to the government. 

can anyone please advise me on what to do to save on taxes

paying 48% tax. need a CA's advice

Welcome to Data Scientists's Private Community

Remote work

Analytics Manager

What are some smart ways in which to minimize tax liabilities as a freelancer? Should I look at forming an HUF, sole proprietorship, PLC? 

Use Case - I am looking at remote opportunities with US startups and many of those pay their overseas teammates as independent contractors; not as employees. 

In such case where CTC > 40LPA fixed, what are some of the best tax saving hacks that one can execute?

TIA!

Remote US job, Indian Tax + US Tax

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