NRE

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Jayesh Jagetiya (Querist)
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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.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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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