Ask Experts Questions for FREE Help !
Ask
    ranchod's Avatar
    ranchod Posts: 8, Reputation: 1
    New Member
    		  
    #1

    Feb 17, 2009, 05:01 PM
    H1 Tax Rates ; US - India Treaty
    || Sarvam Krishna Arpanam ||

    Hi,

    I have moved to Chicago (from India) in December 2008. I would be grateful if someone can give me some insights on the following

    1) Do I need to file returns for 2008 considering the fact that my income in the2008 was less than 3500 USD ?

    2) I think that there is some tax- treaty between US and India. Can someone let me know at what rate will I be charged federal taxes? My employer has withheld as per the standard US slabs and has asked me for a link which would show up the rate considering the treaty benefits. My salary is at 40000 USD per year

    Thanks for your time and efforts

    Regards
    Prakash
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Feb 17, 2009, 11:58 PM

    Which visa do you have?
    For 2008, your income is below the filing requirements for residents or nonresidents. So you are not required to file. You may file to get refund of income taxes withheld.
    ranchod's Avatar
    ranchod Posts: 8, Reputation: 1
    New Member
    		  
    #3

    Feb 18, 2009, 12:55 AM
    Quote Originally Posted by MukatA View Post
    Which visa do you have?
    For 2008, your income is below the filing requirements for residents or nonresidents. So you are not required to file. You may file to get refund of income taxes withheld.
    || Sarvam Krishna Arpanam ||

    Hi,

    Thanks for the answers. I am on a H1B visa.

    Regards
    Prakash
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Mar 11, 2009, 01:15 PM
    Prakash:

    If you file to recover withheld income taxes, file Form 1040NR-EZ.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

US-India tax treaty [ 10 Answers ]

I am researcher on J1 visa and wants to take US-INDIA tax treaty benefits. When I started filling 1040NR (filling jointly with my wife with no income from her side), everything is coming 0.00 from line 8 to line 35, as I added my fellowship on line 22 (total income exempt from treaty), which is not...

India usa tax treaty [ 4 Answers ]

Hi I am international student on F1 visa from India for past 3 yrs in US Can I use the india-us tax treaty to get my whole tax money back?

US-India tax treaty [ 1 Answers ]

The India-US tax treaty states 'the tax treaty benefits will be lost retroactively if your stay in US exceeds 2 year period'. What does the phrase mean? Does it mean that if one has to be here for a 3rd year, he/she will have to repay ALL the tax in retrospect, including that of the first 2 years....

India-US tax treaty [ 3 Answers ]

Hi, I entered the US on an F-1 in July 2006, and was resident in India prior to that. Previously, I had visited briefly in Feb 2006 on a B-1/B-2 visa. While using the Cintax software to calculate my returns for 2006, it does not deduct the standard deduction for 2006 ($5,150) for me, though it...

India-US tax treaty [ 5 Answers ]

Hi I came here in jan 2004 as J-1 Research scholar. Initially for few months the university withheld my federeal taxes but then stopped it. So when I filed my tax return 1040-NR for the year 2004 , the whole salary was exempted under the treaty and I also got the refund of the amount deducted...

View more questions Search