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With reference to this question Tax consequences of working for US company from India

My situation is some what similar to the above one how ever I will describe it in detail,

I am working for a US firm from India. The firm is registered as LLC in USA. It does not have an office in India. I am citizen of India working from home, the salary is directly credited to my account in India.

My Questions

  1. Can anybody describe how much tax must must be paid(In India) in such a situation ?
  2. When should the taxes be paid(In India) ? i.e Monthly,quarterly or yearly ?
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  • Are you asking about taxes paid to India or the US?
    – minou
    Oct 29, 2015 at 11:51

1 Answer 1

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Can any body describe how much tax must must be paid(In India) in such a situation ?

As per the tax rates

When should the taxes be paid(In India) ? i.e Monthly,quarterly or yearly ?

Ideally monthly, Quarterly is also fine, it should be before 15th of the quarter.

If taxes are more than rs10000, 30% should be paid by 15-sep, 60% by 15-dec, 100% by 15-mar. If not paid, penalty at 1% per month on tax due needs to be paid

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  • How about yearly ?
    – New one
    Oct 31, 2015 at 18:09
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    @taxes are to be paid in advance by 15th of every quarter. If TDS, then it has to be monthly.
    – Dheer
    Nov 1, 2015 at 0:40
  • I did not pay, what will happen ? Please let me know will I be stuck in legal issues.
    – New one
    Nov 1, 2015 at 4:06

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