TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>RBI amends Foreign Exchange Management Regulations, 2000: Foreign employees can open foreign currency accounts outside India.</h1> The Reserve Bank of India issued an amendment to the Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) Regulations, 2000, effective immediately. This amendment allows nationals of foreign states residing in India and employed by foreign companies on deputation to open and maintain foreign currency accounts outside India. They can receive up to 75% of their salary in these accounts, with the remainder paid in rupees in India. The entire salary is subject to Indian income tax. This amendment is part of the Foreign Exchange Management Act, 1999, and modifies previous regulations.
TaxTMI 
TaxTMI 
