Salary of foreign employee

A foreign national is working in India for whole year, so becomes a NOR.

He earns Euros 12000pm, so at what rate to convert his salary in INR for FY 13-14.

Are there any spl provisions for such an employee in I-T Act regarding his tax computation or is it the same as a normal resident employee? 

Replies (2)

As per section 6 of income tax act, he is a resident so, normal provision will apply for him bu not ordinarily resident (if he is working for the company for one year only).

as regarding the rate of Conversion, opinion is take the Month end Rate

in respect of income chargeable under the head "Salaries", the last day of the month immediately preceding the month in which the salary is due, or is paid in advance or in arrears;

 

Anuj

femaquery @ gmail.com

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details