I am working for UK company from India as a contractor from 1 Jan 2016. UK company will pay me in pounds. My query is what is best approach to get money in India? I was given few suggestions
Work under UK umbrella company. Show minimum salary in UK and NI will also get paid and then transfer remaining dividend amount to India in personal account or proprietor account(? not sure the difference).
Ask UK company to remit money to Indian savings bank account
Ask UK company to remit money to Indian business bank account
Could I request which will be the most tax saving method from above 3? Kindly reply