Salary paid in foreign currency.
This query is : Resolved
20 September 2011
Dear All,
Here is the scenario.
There is one employee in China whose salary is paid in USD from India. So after conversion from USD to RMB there is exchange loss to the employee. So now this loss should be beared by the employee or employer
Thanks in Advance
Regards
Hitesh
Here is the scenario.
There is one employee in China whose salary is paid in USD from India. So after conversion from USD to RMB there is exchange loss to the employee. So now this loss should be beared by the employee or employer
Thanks in Advance
Regards
Hitesh
20 September 2011
Hitesh,
That depends on the agreement between the company and the employee.
Most companies pay an allowance to their employees to compensate for the exchange loss.
You will have to ascertain the company policy for this purpose.
That depends on the agreement between the company and the employee.
Most companies pay an allowance to their employees to compensate for the exchange loss.
You will have to ascertain the company policy for this purpose.
20 September 2011
Ok Thanks for the reply
20 September 2011
Please confirm whether TDS has been deducted or not.
Anuj
+91-9810106211
femaquery@gmail.com
Anuj
+91-9810106211
femaquery@gmail.com
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