IT liability - Resident India - salary in UK from UK company
This query is : Resolved
15 March 2011
Hi All,
I work for an UK company and I receive my salary in the UK in a UK bank account. However, I'm staying in India for more than 182 days in this financial year. I'm an Indian citizen. I would be thankful if anyone could answer my queries -
1) Is my income taxable in India and do I need to file income tax return in India?
2) If I need to file income tax in India , is it true that I will get credit of tax paid in UK under DTAA?
3) What will the method of tax calculation in India for this salary, if it is taxable here? Will the tax rates according to UK or India? Example, suppose I get 3000 Pounds every month. 600 pounds in deducted as income tax in UK every month and 600 pounds is deducted as National insurance(Similar to PF).
I work for an UK company and I receive my salary in the UK in a UK bank account. However, I'm staying in India for more than 182 days in this financial year. I'm an Indian citizen. I would be thankful if anyone could answer my queries -
1) Is my income taxable in India and do I need to file income tax return in India?
2) If I need to file income tax in India , is it true that I will get credit of tax paid in UK under DTAA?
3) What will the method of tax calculation in India for this salary, if it is taxable here? Will the tax rates according to UK or India? Example, suppose I get 3000 Pounds every month. 600 pounds in deducted as income tax in UK every month and 600 pounds is deducted as National insurance(Similar to PF).
15 March 2011
Can some expert throw some light on this? Thanks.
16 March 2011
1.Yes
2. Yes
3.The salary and TDS shall be converted as per rate prevailing on 31st march 2011.
I have doubt whether National insurance deduction shall be available to you under sec. 80C
Anuj
9810106211
2. Yes
3.The salary and TDS shall be converted as per rate prevailing on 31st march 2011.
I have doubt whether National insurance deduction shall be available to you under sec. 80C
Anuj
9810106211
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