How to calculate TDS on Salary with following conditions:
1. Salary to employee will be given in AED
2. Company is incorporated in India.
3. Employee is origin of India, but resides in dubai from April 12, & he comes in india for 1 month.
Please advise how to calculate TDS.
if the services are rendered in India or deemed to be rendered in India, then TDS is applicable. you may convert AED in INR on SBI TT buying rate as on the date of credit of salary. The TDS is to be computed on the INR converted salary. the tax is to be deducted at average tax rate applicable to the assessee's income in India.
Rohit KC Jain & Co
New Delhi
CA Inter
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CCI
Pro
CAclubindia
