Dear Forum members,
I am hoping to get some help here regarding understanding my tax liability in India.
I am an Indian resident however my monthly salary gets credited to my savings account every month directly from Singapore, from a Singapore based company that I work for.
I am not sure how to calculate my tax liability in this case. Note that my employer does not (and cannot) deduct any TDS etc.
Do I need to myself calculate the total salary received, then pay taxes as per the taxation slabs in India?
Also can I seek exemptions under the various categories as applicable e.g. Homeloan. insurance etc.
Any advise would be highly appreciated.
Thank you
CAclubindia
