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.
- Can anybody describe how much tax must must be paid(In India) in such a situation ?
- When should the taxes be paid(In India) ? i.e Monthly,quarterly or yearly ?