Income tax on foreign currency income

Hi, I am new to this club.

I need various informaion on taxed related to my organization where I work and personal taxation also.

I have an income as a consultant and this agreement is between me and US company. They are going to pay me the consultancy fees directly from US into my bank account.

I would like to know that do I come in normal income tax rules or there is any special exemption given to services offered to foreign company ? or may be exemption getting foreign currency into India ?

Experts response would be highly appreciated.

Regards

Anuj