Hello, I am expecting an offer letter from a company based outside India. They are quoting their salary figures in USD. I wanted to get an idea from the members of this group about the things to keep in mind while being paid in USD. How much would I have to pay in conversion fees? Or does the employer typically take care of that?
I would need to provide them with invoices every month, for which they will pay me. So I have to take care of the tax on my own.
Does this mean that PF is not an option or can I deposit PF myself somehow?
What other kind of issues should I keep in mind?
How much would I have to pay in conversion fees? Or does the employer typically take care of that?
I would need to provide them with invoices every month, for which they will pay me. So I have to take care of the tax on my own.
Does this mean that PF is not an option or can I deposit PF myself somehow?
What other kind of issues should I keep in mind?
Also, join remoteindian.slack.com (community of remote workers)
Tech stack ? YOE ?
5 YOE,
SQL/Python
Are they offering a standard salary or salary according to the Indian software developer market ?
Can I ask how did you got this offer?
I had applied through LinkedIn.
Can you DM? I can connect you to folks who are working on cross border solutions
Where to DM you?
You will have to file advance taxes
Honestly, really depends on the Startup and the way they're depositing your salary
If they're sending it directly in USD, you'll need to have a word with your bank From personal experience, this can be quite a hassle and you do not end up getting a very good exchange rate
If you're providing them invoices every month, then seems like you're being hired as a consultant and not a salaried individual, so please file your taxes accordingly, depending on the amount, you might also have to get GST as well
If your employer is involving an employee management platform like Deel, things might be different
When employer pays you in Indian account, you get the payments in rupees after deduction of fees etc.
The thing you need to care about it taxation as no TDS happens. Hire a CA part time.
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.
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