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View Full Version : How to calculate my Foreign slary income for tax


kesirajus
Dec 11, 2011, 10:03 PM
Dear Sir,
Till September 2011 I was working for Indian company in India and Tax used to get deducted by my employer at source. Now I am working for a Chinese company to look after sales & service of India and surrounding countries I operate from India. My Chinese employer pay my salary quarterly and earned commission annually. They told me that they will credit my salary in US Dollars to my Axis Bank savings account. My question is: Is my income taxable in India? If yes, then there is no breakup of my salary. So how to calculate my tax liability?

AtlantaTaxExpert
Dec 13, 2011, 02:22 PM
Generally, your income is taxed by the country where you worked. That being the case, your income IS subject to Indian income tax.

IntlTax
Dec 13, 2011, 02:56 PM
Your question is an Indian tax question. This forum deals with U.S. taxes.