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TCS on salary credited to NRO account

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Santosh J

Finance

3 Points Posted on 10 November 2023

Dear All,

Currently i am working for a company in India and getting my salary credited to my NRO account. I am currently living in foreign country. The employer is deducting TDS from my salary and only the remaining is credited as salary to my account.

Only recently i converted my savings account to NRO account as i choose to live abroad most of the time this year. My question is will the employer have to pay additional TCS for crediting over 7 lakhs to my account as salary?

Thank you in advance!

Best regards

Replies (3)

Quick Summary

This discussion explores whether an employer needs to pay additional TCS (Tax Collected at Source) when crediting salary over 7 lakhs to an NRO account. The original poster, working in India but residing abroad, has their salary credited to a newly converted NRO savings account after TDS deduction. The query seeks clarification on potential additional TCS implications for the employer in this scenario.