NRE
This query is : Resolved
04 May 2011
MY FRIEND IS WORKING ABROAD. HE HAS OPENED AN NRE ACCOUNT IN ICICI INDIA. HIS SALARY WILL BE DEPOSITED IN THIS ACCOUNT FROM ABROAD. WILL HIS THIS SALARY INCOME TAXABLE? WHAT SPECIAL THINGS HE SHOULD TAKE CARE TO ESCAPE FROM PAYING TAX.
04 May 2011
If the employer is directly remitting the salary into the employee's NRE account in India, it is taxable in India even if the employee is a non resident as per the IT Act,1961. Precaution is, th employee should receive the salary abroad and remit it to his/ her NRE account in India.
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