Personal Tax Services – Indian Nationals

Handling personal taxes with accuracy

As per the provisions of the Income Tax Act, 1961 (ITA), scope of income of an individual liable for taxation in India depends upon the residential status of an Individual in India. The residential status in turn is dependent upon the number of days stay of an individual in India in the relevant financial years and is determined for each financial year separately. The taxation of such indivuduals is known as “Personal Taxation”.

The personal taxation of Indian nationals involves several complex issues such as determination of eligible exemptions, deductions and other related compliances , interest and penalties exposure due to any procedural delays in deposit or filings. Hence, an individual requires professional assistance to perform relevant tax and regulatory compliances.

An employer is required to do various tax compilances in relation to the taxation of the Indian national employees in the nature of Tax Deduction at Source (TDS) compliances. We offer a wide range of services to our clients. Our service offerings related to personal taxation of the Indian nationals are as follows:

1. Regulatory Approvals

• Obtaining Permanent Account Number (PAN)
• Assistance in drafting of Employment Agreement from tax and regulatory prospective
• Analyze salary components of the Indian National Employees from tax and social security laws perspective

2. Statutory Compliances

• Computation of taxable income and income tax to be withheld and/or deposited to government treasury
• Preparation and filing of personal income tax return
• Assistance in furnishing Form 30C at the time of leaving India for good

3. Consulting and Advisory Services

• Advisory on determination of the Residential Status of Indian National Employees
• Advisory on taxability of various sources of income in India
• Advisory on availability of exemptions, deductions and tax credit mechanism
• Advisory to High Net worth Individual’s (HNIs) on tax and regulatory aspects

4. Payroll Processing Services

• Supporting in payroll processing of the Employees
• Collation and Review of declarations and documents of the Employees

5. Representation Services

• Handling income tax scrutiny assessment proceedings of individuals and representing before with Income Tax Authorities
• Handling income tax appeal proceedings of individuals and representing before Tax Appellate Authorities