What is the tax rate on foreign income ?



Presently, I am working for a US-based firm, which is not registered in India. I am working from my home and get my salary through online transaction in US dollars. What is the tax rate on my income?

What is the tax rate on foreign income ?
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3 Replies to “What is the tax rate on foreign income ?”

  1. Since you are working in India for US-based firm, that means you Ordinarily resident & your taxable income will attract Income tax at present rates available.
    For Men Below age of 65 yrs. Working wemen below age of 65 years Senior Citizen

    Up 160000 Nil Up to 190000 NIL Up to 225000 NIL
    160001 to 5 lacs 10 % 190001 to 5 lacs 10% 225001 to 5 lacs 10%
    500001 to 8 Lacs 20% 500001 to 8 Lacs 20% 500001 to 8 Lacs 20%
    Above 8 Lacs 30% Above 8 Lacs 30% Above 8 Lacs 30%



  2. ony if you are a non-resident than u wont have to pay tax..
    otherwise normal rates of tax will be charged on foreign income too..





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