India's focus on rapid infrastructure growth has created demand for inward traffic of expatriates with specialized skills. However, its commanding position in technology ensures consistent demand of Indian talent pool across the world. Overall this has to lead to increase in globally mobile employees in India.
‘Working in India - Ernst & Young’s guide on India’s tax and regulatory provisions for expatriates’ brings a consolidated fact sheet to help expatriates understand India’s tax and applicable regulatory provisions.
This report covers the following:
- Residency in India & Tax Incidence
- Indian social security
- Visa and registration requirements for expatriates
Know the diverse India
India is the world’s largest democracy, with a population of more than 1 billion, spread over 3.29 million square kilometers. The country’s enduring institutions are rooted in the principles of democracy and justice. It is a union of 28 Federal States and 7 centrally administered union territories.
The country is equally known for its varied customs and even more diverse traditions. The country represents different faiths and has to its merit the historical genesis of varied belief systems worldwide, including Hinduism, Buddhism, Jainism and Sikhism.
The principal official language of India is Hindi
, while English is the secondary official language. However, there are several 100 spoken languages and 22 of these are official.
Although this document provides a summary of issues, which may be of interest to expatriates coming to work in India, the information provided here should not be considered as a substitute for professional advice. On their arrival in India, we recommend that expatriates should seek professional guidance on tax and social security implications, compliance requirements and other relevant issues relating to the Indian assignments.