TDS on Salary Paid in Foreign Currency

For the purposes of deduction of tax on salary payable in foreign currency, the value in rupees of such salary shall be calculated at the prescribed rate of exchange.

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1. Indian subsidiaries of foreign companies employing expatriates to deduct tax at source on their entire salary including salary paid outside the country by the foreign parent : SC
2. RBI notified relaxation in remittance of salary by foreign nationals working in India
3. Rate of exchange of conversion of each of the foreign currency with effect from 1st February, 2011
4. Rate of exchange of conversion of each of the foreign currency with effect from 1st January, 2011 – Notification No. 102/2010 -Cus(NT)
5. Tax paid by the company is part and parcel of the salary and not any sum outside the salary or independent of salary