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27th July 2010 From India, Mumbai
1. What are the different payment terms by which they can be paid salaries??
3 How the work permit will be given
3. Whether the salaries be paid in foriegn currency or some deputation allowances to be paid.
And is there any way by which we can pay the employees partly in Indian rupees and partly in chinese RMB?
4. what will be the salary if we pay them in foriegn currency, shall it be exactly equal to existing one or equal to the currency where we are sending him.
5.How will be the income tax terms be applied to him
6.And are their any minimum compensation laws applied to the employees which are deputed
The thing which I want to know is ABC to Z for this matter complete income tax laws ,work permit laws and payment terms applied to the deputed employees
A quick response to this shall appriciated.
Thanks & Regards
19th May 2011 From India, Mumbai
You are sending your employee on international assignment to china. Employee need to sign international employment contract.
OEM will send invitation letter along with employment contract to Embassy of China at India to issue VISA to your employees.
You need to cover these areas as they are standard in international contract
International Healthcare Plan
Shipment & Storage of Household Goods
Family Separation Assistance
Tax Reconciliation and Tax Advisory
Standard Hour Work
Quality of Living/Location Premium
Host Location Leave and Emergency Leave
Statutory Leave and Annual leave
Company Pension Plan
Life Insurance, Medical Examination and Emergency Assistance
International Health Care Plan
Change in Number of Accompanying Dependants
Termination of Assignment
Termination of Employment
You can pay salary in any currency wholly and partly but Income tax will be applicable to total income as per the rule of land where employee is working.
No idea regarding minimum compensation but for India it is minimum 25000 US dollar per annum.
For more update you may contact us.
19th May 2011 From India, Bhubaneswar
In India, the cap of 25000 USD has since been removed.
Cos free to hire expats, no cap on salary and number - Times Of India
19th May 2011 From India, Lucknow