Try Dubai or Singapore. All other countries are equally taxing.

To be a tax resident of Dubai/Singapore, how much time do I need to be in the country?

Growth Manager

Business Analyst

Analyst

You need to stay at least 183 days in singapore to be considered a tax resident. They also have a double taxation agreement with India, which is good. If you don’t get answers here, check with a financial advisor.

Product Owner

Tech Lead

By next year, my salary may be around 1.5 cr and would likely pay >35L tax.  My employer can hire me in any country on same salary. Can I move my employment to another country and still stay in India?

Welcome to Moving Abroad's Private Community

By next year, my salary may be around 1.5 cr and would likely pay >35L tax.

My employer can hire me in any country on same salary. Can I move my employment to another country and still stay in India?

Shall I move country for tax saving (1.5 cr salary)?

Shall I move country for tax saving (1.5 cr salary)?- Grapevine

I am working as software engineer at FAANG. I pay ~1.25L income tax per month. It pains me a lot. Since being general class male, I never got any benefit from but these govt is looting me. There are many small shopkeeper, landlords, farmers who earn more than me but none of them is paying tax but here I am paying such huge tax like loser. What should I do? Should I move abroad where even though I will still pay 30% tax but still I will have more money than being in India, or should I open a shop like of clothes, or chai?

Should I move abroad?

Software Engineer

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

Welcome to Personal Finance's Private Community

Is it really worth it based on any metrics(PPI etc) to stay in the US If you have 1cr base cash salary India? 

Asking for a friend: Age 31. 10 yrs work experience in tech.

1Cr base salary India vs $300K Meta base US

Technical Director

Welcome to Software Engineers's Private Community

My salary is 2.5L per month. Some side hustles included then it becomes 3L. Which country would be same as Bangalore in terms of Cost of living?

Can I move abroad with this salary?

If you are salaried and earning 1Cr+, how are you saving on taxes? My net tax burden comes up around 40 lakh every year (and it hurts)

Looking to understand if and how you are able to save on taxes

How are you saving taxes on 1Cr+ income?

Staff Engineer

Welcome to Business Roles's Private Community

Considering a fresher who will need to do a masters abroad (MiM/Masters not MBA as it needs work ex) with a loan vs a fresher who will start working right after UG in Consulting or Finance
Considering the PPP, and also considering that it is a golden decade for India
How will it look for these two different routes? Would love to hear your opinion/suggestions

Where can one earn the most? India vs Abroad

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

Hey everyone,
I received a verbal offer from HR, stating that the salary would be €85k fixed, with additional benefits worth €5k. Is it worth considering the shift?

Relocation assistance included
Years of experience: 7
Current CTC: 45 LPA

Previous post: https://share.gvine.app/Ti7NRQRvPHdnSfpq8

Job Offer Evaluation: €85k Fixed Salary with Benefits and Relocation Assistance

Team Lead

I work for an MNC now. Not too high not too low salary. I have 7 yoe and I'm thinking of moving abroad considering the shit show of facilities vs taxes here. 

Any advices?

How do I shift abroad?

Im having 9yrs of experience as a web developer in Pune and I just went for 1w trip to Dubai. Its Outstanding! Swear by God!

Planning to seek out a job there.

Will it be the best decision considering I'm having a stable job at Infosys.

I want to settle and have a family there and live a life of very high standards.

India feels like shit 

Sharks your advice will mean a lot!

Shift to Dubai for better life

I'm choosing to ignore your last statement about India unlike other triggered people in the comments and answering the actual question.  
  
 Reasons to move: 
 1) 0 tax 
 2) In general higher paying jobs but also higher cost of living (You need to evaluate this basis the offer you get compare it with your current salary after PPP) 
 3) Better quality of life (Road safety, Infra) 
 4) Opens more easier avenues to travel around Europe 
  
 Reasons to stay 
 1) Parents ( Now you'd say I plan to visit or come back but no one I know till today has come back despite having crores of savings.  
 2) Friends and social circle established here over the years 
 3) Few rules in Dubai are stricter than that of India's (You have to figure out these differences and if they work for you) 
  
 To me there seems to more upside than there is downside in moving to Dubai however both my spouse and I decided to never shift out of India for our parents.

Technical Lead

Hi everyone,

The year end is here. It was a great year for my FIRE journey and I thought I'll share an update with you all.

With few days left in 2023, I've crossed 2.65 CR in net worth after touching 2 CR in May this year.

Here's the breakup:

Direct shares: 1.7 CR (this was the major driver of growth),
ELSS: 0.06 CR,
Company shares: 0.06 CR,
Real Estate: 0.4 CR (while it is between 42-45 now, keeping this unchanged from May),
EPF: 0.34 CR (interest for last year kicked in),
NPS: 0.06 CR (investing because I'm in 30% bracket, getting 14.8% xirr here),
SGB: 0.03 CR

The driver for growth has been a high saving rate.

In 2023, i've added 29.5 lakhs in equity, about 2.5 lakhs every month. 6 lakhs in company shares (US listed). The EPF and NPS savings are on top of this. My target was to save 36 lakhs in equity overall, and it's done! Targeting the same for next year. I'm aiming to cross 2 CR in equity before July 24.

Another change I did this year is that I've moved away from active advisory. I get the stock ideas from Twitter discussions, analyse them fundamentally and take bets based on the charts. I'm quite confident of my charting skills with max drawdown of 25-30% but upside of multiple x. I could capture 2-3 2x this year with sizable investment in them. I got this confidence after i could take my wife's account from 11 lakhs to 20 lakhs in about 2 years.

While the next year can be a huge bull run if BJP wins, I'm still trying to diversify. I'm planning to add a real estate of about 75 lakhs by paying 10%. This will help me leverage as well. The rental yield is the property is approx 5% and calculations show that I'll have to only pay 40-45% of the EMI and rest will be covered through rent. This should bring my equity exposure down from the current 65% to less than 50%. In this I'm trying to diversify and leverage while not denting my current equity corpus.

Suggestions welcome to make this FIRE journey better!

Thanks!

Crossed 2 CR and 2.5 CR in the same year

Project Manager

What are the ways to save taxes if you are earning more than 60+LPA?

Hi folks,

I want to move over to Dubai/AD area for a couple of years to build a decent corpus

I am 30 years old, have been working in tech for 8 years, current Indian salary 50 L

Feel like moving to Dubai for its tax policies. My idea is to save some 5 cr and return

Anyone moved to these areas recently can share some pointers?

Thinking of asking 100 k usd base salary plus house as benefit when I interview, is this something I can get?

Current designation: Tech lead at a medium size bank

Best way to relocate to Dubai/AD

In India people who are earning beyond 70 lpa. They tend to fall under the high tax bracket which involves surcharge on tax too. Which could level up their tax too.
Now is this tax worth it when compared to what tax payers get from the govt?
Total tax % could really be higher for an individual. Given the tax %, would it be wise to consider moving out from India for better value for tax?
Now this tax is considering after exhausting all the tax savings sections and FBPs except the political donations.
Genuine answers only. 
Coming days I would be asking a few more tax related questions.

Income tax vs it's return from gov

Alert: a rant post

Today I saw my payslip after a long time and WTH! I don't know what they'll take once bonus comes in. Paying this much for no water, bad air, corrupt babus and all those douche things.

As much as patriotic I am, this is just insane. On top of this add all the GST and sheet ton of other indirect taxes.

Living in India and paying like Europe. Wow!

Duck the government

Earning around 50 lpa at 24 is already a great feat. Still if u want to look at the dark side, nobody can help. This rant is more common than diabetes. Yet people will stress about same thing and rant to destress. Endless cycle. Either do something about it or bring some new perspective. P.S. I am in alignment with ur rant but I’ve made peace with the state of affairs as I am not looking to move out of India and I cannot strong arm govt. individually to change this.

Senior Product Manager

In a bit of a dilemma. 

I joined a well-known / well -funded startup in a mid level role 3 days back.

A Dubai based startup that I had previously interviewed with a few months back, got back to me with a 30k AED / month offer yesterday.

Questions - 
1. Is 30K AED a good salary for Dubai, considering what I make in India?
2. Would it reflect badly if I leave the current company in the first week, considering I made them wait for 2 months of my joining (I don't see my role as super critical for them).

From a job role POV, the dubai role feels more fulfilling. The India role offers a better employer brand. 

What are your thoughts on what I should do?

55 LPA in India v/s 3.6L AED in Dubai - Confused.

Product Manager

In two different minds here

Of late I have been watching many India glorifying movies/shows - Rocketry, Manikarnika, Rocket Boys. 
On other hand, riots based on community and religion make me wonder how can people put own country down.

Then, I am paying for 2.5 months of salary in tax. But am I benefitting from it? The road outside house has been broken before monsoons, gets even worse now.
Also read this tweet in the morning 
https://twitter.com/Bihar_ke_lala/status/1681715711096541185
and wondered if the love for country just blind.

Shall I move country for tax saving (1.5 cr salary)?

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