How much money am I allowed to transfer to India into my own Indian account as a non-Indian foreigner?
I am a non-Indian foreigner and recently opened a savings bank account in India. Is there a maximum amount I am allowed to transfer taxfree under Indian Law to India for my living expenses here? I read in some other postings that for an NRE account there is no limitations and also if you are a Indian Citizen not residing in India. Is this also applicable to non-Indian foreigners who are having an own bank account in India?
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From you question I understand that you are not an Indian citizen, are staying in India, and transferring your funds for your living / expenses in India.
There is no limit on such transfers and the amount is not taxed.
The tax comes into picture if you are treated as a resident in India from a tax perspective. Even then the tax is not because you have transferred the funds into India, but the policy of taxing global income.
The article at www.pwc.in/en_IN/in/assets/pdfs/foreign-nationals-working-in-india.pdf should give you more inputs.
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