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Hello 🐟🎏
When will be the retention bonus will be paid if a candidate joined TCS in the middle of the financial year. I.e September'22... Will that be paid on next year's September'23 Month only after completing an year in TCS?
And will the Retention bonus will also be considered as taxable income of the the current year taxes(2022-23)?
Looking for valuable suggestions!!!
Tata Consultancy
Additional Posts in Indian Investors
Brilliant initiative. Benefit together!
So where should I invest?
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Look at HDFC’s ISA Account. Will let you invest in mutual funds as an NRI.
Thanks, any tax implications in India? Would I have to file taxes there?
Yes, of course there are tax implications. 10% for long term (if in excess of 100,000 INR per year) and 15% for short term gains
And you can use that 10 or 15% as tax break in USA through double taxation treaty.
I’ve never filed taxes before in India hence the question
Do we need to file taxes in India if we are declaring any non salary income via FBAR, FATCA.