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of <h1>RBI Eases Rules for Foreign Salary Remittance: Nationals Can Open Overseas Accounts, Receive Full Salary Post-Tax.</h1> The circular issued by the Reserve Bank of India (RBI) addresses the relaxation of rules regarding the remittance of salaries for certain employees. It allows nationals of foreign states residing in India and Indian citizens employed by foreign companies, on deputation in India, to open and maintain foreign currency accounts outside India. These individuals can now receive their entire salary in these accounts, provided income tax is paid on the full amount accrued in India. This relaxation also applies to foreign nationals employed by Indian companies, enabling them to remit their entire salary abroad. The circular directs banks to inform their clients of these changes.
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