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I recently moved back to India from USA as I didn't get H1B Visa. I have started working for same company from India as a contractor.

I still have my bank account active in USA. Can my company legally deposit my salary in my bank account?

I've looked at paypal but they have numerous fees going up to 5% of my salary. I want to use xoom to get money from my us bank account to India bank account.

Please advice.

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    If you are a contractor instead of an employee, then the money you get from the company is self-employment income to you, not salary. You need to talk to the company about this; there may be tax issues involved which are different for wages versus self-employment income. – Dilip Sarwate Nov 10 '14 at 21:11
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I still have my bank account active in usa. Can my company legally deposit my salary in my bank account?

Of course they can. Where they deposit is of no consequence (in the US, may be in India). It is who they deposit it for that matters. You need to file form W8 with the company, and they may end up withholding portion of that pay for IRS.

You'll need to talk to a tax adviser in India about how to report the income back at home, and you may need to talk to a tax adviser in the US about what to do if the company does indeed remit withholding from your earnings.

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