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Salary paid in foreign currency.

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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

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.

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



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