One of my friends is working as a navy crew of European based shipping company, he is an Indian citizen. Upto last FY(ie 2015-16) he have no other income and he stayed in India only. But he got a job now (ie fy 2016-17), he stayed in India for more than 182 days in fy 2016-17(he left india on nov 1st week) .As per the IT act should he pay any tax, he will probably get Rs.10L upto march 2017 ...??, if yes normal rate or any presumptive taxation is available..?? Any other tax relief available or tax exemption or deduction like 80C ....?? As per TDS law, the company needn't deduct any tds, so the employee can pay tax and file the return as a normal employee on july 31st 2017,right.....??,please reply
15 November 2016
1 He has to pay tax as per IT act as he is resident of India for Fy 2016-17. 2 Presumptive taxation not available 80C deduction available. 3 Yes pay the tax and file the return.