salary fromworld bank to n.r.i
This query is : Resolved
04 March 2011
does an indian employed by world bank to work abroad for more than 180 days in short breaks during one financial year needs to pay income tax in india or is the income is exempt.IF YES THEN 1) BECAUSE WORLD BANK SALARY IS EXEMPT OR 2) BECAUSE THE INDIVDUAL HAS RESIDED ABROAD FOR MORE THAN 180 DAYS. if it is not exempt but taxable then at what rate payment is to be made.
CA PARAS BAFNA
(Expert)
06 March 2011
World Bank will deduct TDS on his Salary.
If the person has remained out of India for more than 182 days, then he will be treated as an NRI.
Salary received abroad by an NRI is not taxable in India.
If the person has remained out of India for more than 182 days, then he will be treated as an NRI.
Salary received abroad by an NRI is not taxable in India.
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