Taxation in India
Common Tax Concerns of Expatriates
- Double Taxation Avoidance Agreement (DTAA)
Signed b/w India and another country so that taxpayers can avoid paying double taxes on their income earned from the source country as well as the residence country. - Social Security
All employees are required to contribute towards statutory social security contribution funds. Withdrawal from such funds is possible at the time of termination of employment.- To exempt international workers from the contributing towards Indian social security funds, India has entered into Social Security Agreements (SSA) and Bilateral Comprehensive Economic Agreements (BCEA) with various countries.
- As a result, inbound assignees from countries that have entered into an SSA with India and hold a Certificate of Coverage (COC) issued by their home-country can claim exemption from Indian social security contributions.
