ZoomyUnicorn

Salary from Foregin Based Startup

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?

16mo ago

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SwirlyMochi

Stealth16mo

How much would I have to pay in conversion fees? Or does the employer typically take care of that?

Employer should take care of that, and you will get the final decided amount as employer will be bearing the cost. This will work slightly different if they will use Deel or any other similar platform

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.

Yes, and you will fall under 44ADA tax scheme (look it up)

Does this mean that PF is not an option or can I deposit PF myself somehow?

You will have to do it on your own, not sure if Deel has such options

What other kind of issues should I keep in mind?

Keep your contract bullet proof from your side
Get a idea of appraisal cycle from them if you can and get it mentioned in contract
Ask them how extra work hours are compensated

Also, join remoteindian.slack.com (community of remote workers)

DerpyPancake

Stealth16mo

Where did OP say they were being contracted by Deel? Did I miss it? :/

SwirlyMochi

Stealth16mo

Where did OP say they were being contracted by Deel? Did I miss it? :/

He didn't, i mentioned they might as lot of remote companies have started to do so

DancingCoconut

Stealth16mo

Tech stack ? YOE ?

ZoomyUnicorn

General Electric16mo

5 YOE,

SQL/Python

DancingCoconut

Stealth16mo

Are they offering a standard salary or salary according to the Indian software developer market ?

SwirlyNoodle

Stealth16mo

Can I ask how did you got this offer?

ZoomyUnicorn

General Electric16mo

I had applied through LinkedIn.

GoofyMarshmallow

Cashfree Payments16mo

Can you DM? I can connect you to folks who are working on cross border solutions

MagicalQuokka

Stealth16mo

Where to DM you?

SqueakyNoodle

Stealth16mo

You will have to file advance taxes

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