Tax consequences of working for US company from India
I found a job at a US-based company, and I would like to do all my work for that company while residing in India. My questions are:
Can said company deposit my salary check directly into my account (I have my account in the US as well as in India)? If so, what are the tax liabilities?
Is it legal for me to work as the company's employee, or must I document this work as freelancing?
Do I need to pay both service tax and income tax? (The contracted salary will be USD 1500 / ~INR 90,000.)
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Can said company deposit my salary check directly into my account
Yes.
Is it legal for me to work as the company's employee
It is perfectly legal. Note that your company has to adhere to Indian laws like TDS etc. Hence it makes more sense to have this as a freelance contractor.
Do I need to pay both service tax and income tax?
Income tax is applicable. There is no service tax applicable.
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