Tax applicable for working for a foreign company remotely
This query is : Resolved
26 November 2013
Pls find my case details and queries as below.
-I am Indian citizen.I am being offered a Field Application engineer/Sales engineer position by a Japanese MNC- ABC corporation.Pls note In past I have worked for their only distributor in Mumbai,so they know me very well.Currently ABC corporation don't have any sales office in India nor they have any plans to open the same.
As discussed they want to recruit me as a direct employee for ABC corporation to expand their business in India.
My remuneration currently on negotiation stage which is as below.
9000 USD - Annual CTC (Breakage yet to be decided.-Kindly advise the same)
2.8% sales commission on annual sales(4850 USD avg. approx. amount)(when to be paid/how to be paid yet to be decided)
Travel allowances+Mobile bill+Internet bill
Questions-
1)Kindly advise whether to take salary in USD or INR?
2)Kindly advise on how they will pay me salary since they don't have any local office.(Payment modes)
3)Kindly advise on the position I should work as?- Sales engineer or consultant? In both the cases,Pls advise the tax benefits.
4)Kindly advise any taxes/registration/labor laws applicable to ABC corporation according to Indian rules.
5)Kindly advise the tax deductions applicable to my renumeration(Like Income taxes,Service tax,education cess tax,PF,HRA deductions etc.)
6)Also,kindly advise the legal documentation reqd. between both of us.Also,advise the documentation I need to submit the Indian Govt. to show justification of my income.
7)Also,kindly advise to take employment through a local distributor of ABC company or working directly for that company who can pay me salary?
Finally,Pls provide the best salary structure that I should ask them to provide to save taxes for myself and company both.
-I am Indian citizen.I am being offered a Field Application engineer/Sales engineer position by a Japanese MNC- ABC corporation.Pls note In past I have worked for their only distributor in Mumbai,so they know me very well.Currently ABC corporation don't have any sales office in India nor they have any plans to open the same.
As discussed they want to recruit me as a direct employee for ABC corporation to expand their business in India.
My remuneration currently on negotiation stage which is as below.
9000 USD - Annual CTC (Breakage yet to be decided.-Kindly advise the same)
2.8% sales commission on annual sales(4850 USD avg. approx. amount)(when to be paid/how to be paid yet to be decided)
Travel allowances+Mobile bill+Internet bill
Questions-
1)Kindly advise whether to take salary in USD or INR?
2)Kindly advise on how they will pay me salary since they don't have any local office.(Payment modes)
3)Kindly advise on the position I should work as?- Sales engineer or consultant? In both the cases,Pls advise the tax benefits.
4)Kindly advise any taxes/registration/labor laws applicable to ABC corporation according to Indian rules.
5)Kindly advise the tax deductions applicable to my renumeration(Like Income taxes,Service tax,education cess tax,PF,HRA deductions etc.)
6)Also,kindly advise the legal documentation reqd. between both of us.Also,advise the documentation I need to submit the Indian Govt. to show justification of my income.
7)Also,kindly advise to take employment through a local distributor of ABC company or working directly for that company who can pay me salary?
Finally,Pls provide the best salary structure that I should ask them to provide to save taxes for myself and company both.
03 December 2013
Kindly help me why no one has given solution to my queries?If not all then kindly help for whichever possible.
14 August 2023
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