HI
my friend is getting an offer from an overseas company to work full time from his house in India for them. This is more of an information gathering and report generation job.
I want to check what will be the applicable tax on such an income if it is in excess of say 25 lakhs per year.
Shivprasad
Normal tax rates will appicable for you, since you are resident and rendering services from india and received in india.
I agree with ravikiran
Thanks. In such a case can he also avail HRA benefit if the remuneration he received specifies the TA component in the salary he receives?
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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