India’s ‘back offices’ are evolving into leadership hubs for global companies

[Tellugodu]

57 minutes ago, akkum_bakkum said:

Anna how abt export control fields like Trading, Finance, Defense. Avaithe povemo ga ekkadiki....some how JPMC has its biggest campus in blr.

Nee question lone answer undi ga , samara .. 

[akkum_bakkum]

Just now, Tellugodu said:

Nee question lone answer undi ga , samara .. 

Ela bypass chesthunnaranedi question

[Sucker]

2 minutes ago, akkum_bakkum said:

Ela bypass chesthunnaranedi question

Lobbying ane word. 

[summer27]

1 hour ago, Tellugodu said:

Entha mandiki spot petabothunaru US lo ? 

Variety gaa China impact ayyindi..maa Gloabl Ops anni China nundi run avuthunde, FTE China, contractors desi..now China team ni lepesaru ..and moved  Ops to India, but they are not limiting to Ops, all new reqs across the comapany will be from India..US teams ki short term no impact..kaani tvaralo ..ante inko 1-2 yrs lo rod padabotondi..

[Sucker]

10 minutes ago, summer27 said:

Variety gaa China impact ayyindi..maa Gloabl Ops anni China nundi run avuthunde, FTE China, contractors desi..now China team ni lepesaru ..and moved  Ops to India, but they are not limiting to Ops, all new reqs across the comapany will be from India..US teams ki short term no impact..kaani tvaralo ..ante inko 1-2 yrs lo rod padabotondi..

OCI meedha Ind poyi job chedham ante ikkada tax kattali akkada kattali. What a good days antunna @Tellugodu

MAGA chevi lo

 

[summer27]

47 minutes ago, Sucker said:

OCI meedha Ind poyi job chedham ante ikkada tax kattali akkada kattali. What a good days antunna @Tellugodu

MAGA chevi lo

 

why two taxes anna? I think only one place.. all taxes to go to US 

[Sucker]

13 minutes ago, summer27 said:

why two taxes anna? I think only one place.. all taxes to go to US 

Ind lo OCI meedha chesthe Pan Cars ivvali anna then you have to pay taxes anna. USA job vunte veru like full remote isthe USA company but Ind lo job ichi Indian rupees lo pay chesthe Assam train kaadhu Assam lorry ne bathuku 

[summer27]

8 minutes ago, Sucker said:

Ind lo OCI meedha chesthe Pan Cars ivvali anna then you have to pay taxes anna. USA job vunte veru like full remote isthe USA company but Ind lo job ichi Indian rupees lo pay chesthe Assam train kaadhu Assam lorry ne bathuku 

This is what my friend Altman says -

 

Good question — this is a pretty nuanced situation because it depends on your residency status for tax purposes in both the U.S. and India, and how the U.S.–India tax treaty applies. Here’s a clear breakdown:

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🇺🇸 U.S. Tax Obligations

• As a U.S. citizen, you’re taxed on worldwide income, regardless of where you live or earn it.

• That means you must file a U.S. tax return (Form 1040) each year, reporting all income — including salary earned in India.

• However, you can use:

  • Foreign Earned Income Exclusion (FEIE) — up to about $126,500 (for 2024) of your foreign income can be excluded if you meet the bona fide residence or physical presence test.

  • Foreign Tax Credit (FTC) — allows you to offset U.S. taxes with taxes paid to India, reducing double taxation.

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🇮🇳 India Tax Obligations

• Since you’re working in India on an OCI (Overseas Citizen of India), your residency for Indian tax depends on how long you stay in India in a financial year (April–March):

  • Resident if you stay ≥ 182 days (or meet other criteria).

  • Non-resident if you stay < 182 days.

• Residents are taxed on global income in India.

• Non-residents are taxed only on income earned or received in India (e.g., your Indian salary).

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⚖️ Avoiding Double Taxation

Because both countries tax income, the U.S.–India Double Taxation Avoidance Agreement (DTAA) comes into play.

• You typically pay Indian taxes first (since that’s where you earn the income).

• When you file in the U.S., you claim foreign tax credits or use FEIE so that the same income isn’t taxed twice.

• In practice: if your Indian tax rate is higher than your U.S. tax rate, you usually owe nothing further to the U.S., but you still need to file.

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📋 Key Forms You’d Likely File in the U.S.

• Form 1040 — standard U.S. tax return

• Form 2555 — to claim Foreign Earned Income Exclusion

• Form 1116 — to claim Foreign Tax Credit

• Possibly FBAR (FinCEN 114) and Form 8938 — if you hold Indian bank accounts or investments exceeding thresholds

[summer27]

• You’re a U.S. citizen (so you must file U.S. taxes on worldwide income)

• You’re working in India (and taxed there as a resident)

• You’re earning ₹1 crore per year (~USD $120,000)

• You are fully tax compliant and not renouncing citizenship

We’ll compare India tax, U.S. tax, and how Foreign Tax Credit (FTC) or Foreign Earned Income Exclusion (FEIE) help avoid double taxation.

---

🇮🇳 1. Tax in India (FY 2024–25, New Regime)

For a salaried individual, taxes roughly look like this (ignoring minor allowances):

Income	Tax Rate	Tax
0 – 3,00,000	0%	₹0
3,00,001 – 6,00,000	5%	₹15,000
6,00,001 – 9,00,000	10%	₹30,000
9,00,001 – 12,00,000	15%	₹45,000
12,00,001 – 15,00,000	20%	₹60,000
Above 15,00,000	30% on remaining ₹85L	₹25,50,000
Total Basic Tax		₹27,00,000
Health & Education Cess (4%)		₹1,08,000
Total Tax Payable		₹28,08,000

So you’d pay about ₹28 lakh in India (roughly 28% effective tax).

---

🇺🇸 2. U.S. Federal Tax (on worldwide income)

Convert ₹1 crore ≈ $120,000 USD.
As a single filer:

• U.S. federal tax on $120K ≈ $18K–$22K after standard deductions.

However, since you’re working abroad, you get two big relief options:

Option A – Foreign Earned Income Exclusion (FEIE)

• You can exclude up to $126,500 (2024) of your foreign-earned income.

• That means your entire $120K is excluded → you owe $0 U.S. income tax.

• You still file a return (Form 2555) but no tax is paid.

Option B – Foreign Tax Credit (FTC)

• You can pay tax in India first (₹28L ≈ $33K).

• Claim that amount as a credit on your U.S. tax return (Form 1116).

• Since U.S. tax would have been ~$20K and you paid $33K to India, you owe nothing to the U.S., and you may even carry forward unused credits.

Either way → no double taxation.

---

🧾 3. Summary Table

Country	Gross Income	Base Tax	Relief Applied	Final Tax Paid
🇮🇳 India	₹1,00,00,000	₹28,08,000	None	₹28,08,000 (~$33K)
🇺🇸 USA	$120,000	$18–22K	FEIE or FTC	$0 (after credit/exclusion)
Net Effect				Taxed only once (~28%) in India

---

🧩 4. Key Things to Remember

• You must file U.S. taxes every year, even if no tax is due.

• You can’t claim both FEIE and FTC on the same income — usually, one or the other.

• You must also file FBAR (FinCEN 114) if your Indian bank accounts exceed $10,000 total at any point.

• State taxes might apply if you maintain ties to a U.S. state (e.g., California).

•  

[Sucker]

9 minutes ago, summer27 said:

• You’re a U.S. citizen (so you must file U.S. taxes on worldwide income)

• You’re working in India (and taxed there as a resident)

• You’re earning ₹1 crore per year (~USD $120,000)

• You are fully tax compliant and not renouncing citizenship

We’ll compare India tax, U.S. tax, and how Foreign Tax Credit (FTC) or Foreign Earned Income Exclusion (FEIE) help avoid double taxation.

---

🇮🇳 1. Tax in India (FY 2024–25, New Regime)

For a salaried individual, taxes roughly look like this (ignoring minor allowances):

Income	Tax Rate	Tax
0 – 3,00,000	0%	₹0
3,00,001 – 6,00,000	5%	₹15,000
6,00,001 – 9,00,000	10%	₹30,000
9,00,001 – 12,00,000	15%	₹45,000
12,00,001 – 15,00,000	20%	₹60,000
Above 15,00,000	30% on remaining ₹85L	₹25,50,000
Total Basic Tax		₹27,00,000
Health & Education Cess (4%)		₹1,08,000
Total Tax Payable		₹28,08,000

So you’d pay about ₹28 lakh in India (roughly 28% effective tax).

---

🇺🇸 2. U.S. Federal Tax (on worldwide income)

Convert ₹1 crore ≈ $120,000 USD.
As a single filer:

• U.S. federal tax on $120K ≈ $18K–$22K after standard deductions.

However, since you’re working abroad, you get two big relief options:

Option A – Foreign Earned Income Exclusion (FEIE)

• You can exclude up to $126,500 (2024) of your foreign-earned income.

• That means your entire $120K is excluded → you owe $0 U.S. income tax.

• You still file a return (Form 2555) but no tax is paid.

Option B – Foreign Tax Credit (FTC)

• You can pay tax in India first (₹28L ≈ $33K).

• Claim that amount as a credit on your U.S. tax return (Form 1116).

• Since U.S. tax would have been ~$20K and you paid $33K to India, you owe nothing to the U.S., and you may even carry forward unused credits.

Either way → no double taxation.

---

🧾 3. Summary Table

Country	Gross Income	Base Tax	Relief Applied	Final Tax Paid
🇮🇳 India	₹1,00,00,000	₹28,08,000	None	₹28,08,000 (~$33K)
🇺🇸 USA	$120,000	$18–22K	FEIE or FTC	$0 (after credit/exclusion)
Net Effect				Taxed only once (~28%) in India

---

🧩 4. Key Things to Remember

• You must file U.S. taxes every year, even if no tax is due.

• You can’t claim both FEIE and FTC on the same income — usually, one or the other.

• You must also file FBAR (FinCEN 114) if your Indian bank accounts exceed $10,000 total at any point.

• State taxes might apply if you maintain ties to a U.S. state (e.g., California).

•  

Yentha chesina yearly tax file cheyalsindhe anna US citizen adhi zero income aina worldwide income aina. Inka Direct Ind job anuko Assam Amma mogudu cheddi kuda both taxes taruvatha