Hi CA experts, need some high level advice on the below scenario.
An associate living in India signing a contract with a foreign company. They both get into an agreement of paying a monthly salary of 3000 USD per month. The payment will be initiated directly from the foreign company in USD directly to the individual INR savings account in India.
The foreign company mentioned that this amount is flat and any local taxation has to be taken care of the associate.
In such scenario, I would like to understand (at least at a high level) what kind of tax he has to declare and pay.
I anyway going to apoint and discuss this scenario with a CA but thought of getting some initial insights in this forum. So that I can discuss better with my CA
CAclubindia
