Tax on foreign income

I'm in Nigeria with the local Nigerian Employer from 24.11.2012 whereas my family is staying back at Kolkata. I'm getting two part salary - one is locally paid in local currency Naira to meet up my local expenses and other in USD which is directly being remitted to my Indian Account (normal savings account) and being used by my family. Till date I visited my family only once in the period from 08.03.2014 to 10.04.2014.

My questions are:

1. What is my NRI status?

2. What is my tax liablity although I've paid some advance taxes without knowing anything?

Replies (3)

There are three types of Residential Status

1. Ordinary Resident (OR)

2. Resident but not ordinary (NOR)

3. Non Resident (NR)

As per the fact given, You are NR.

To tax your income one of the following conditions must be fulfilled

1) Income accrure /arises or deemed to be accrue / arises  in India or

2) Income received or deemed to be received in India

First Part Income :- Both the above conditions are not fullfilled,so not taxable in India

Second Part Income :- Second Condition ( as income received in India) is fullfilled , So this part of income is taxable.

Note:- If you have paid some Advance Tax, then You can take the deductions of that advance tax paid from tax liability.

 

But as such the salary received in foreign currency, not in Indian currency, how much tax liablity will be there? And what the tax calculations will be?

Currency is not relevant for taxability. what the relevant is that where you received the salary ultimately. if you received in India then it will be taxable in india at normal slab rate

Suppose your age is less than 60 Years

upto INR 200000 - Nil

more than INR 200000 but upto 500000 - 10%

more than INR 500000 but upto 1000000 - 20%

more than  INR 1000000 - 30%

Note:- Education Cess shall be levied @ 3%. If your income is more than one Crore then Sucharge shall also be levied....

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 07 November 2026
Paid Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details