What is US equivalent salary in India?
So if you are drawing a salary of USD 100,000 in the US, you can expect to draw Rs 21 lakh in India, give or take. At an exchange rate of Rs 45, that would translate to an Indian salary of USD 46,666 or 46\% of the US salary.
What salary is enough in India?
Suppose you are living with 4 family members in a metro city in India than anything above 1 lakh per month will be good. And if you are living in any other city then atleast 60 thousands per month is a handsome salary. And in a village 35 thousands per month can be considered a good salary.
How much money can I send to a friend in India?
However, if you want to send money to your friend in India, then you can send money, tax-free, only up to US$ 14,000 per person per year. Beyond this amount, you’d have to pay a gift tax in the US.
How much money can I send from USA to India tax free?
Taxes In USA. There is no limit on sending money from USA to India, provided you pay the required taxes. But, there is a limit of US $14,000 per person per year for gift tax free transactions. Any amount sent above US $14,000 per person per year, the sender is responsible for paying the gift taxes.
How can I transfer $100K from USA to India?
There is no limit on sending money from USA to India, provided you pay the required taxes. Usually when you request such a transfer from your bank or money changer in US, they’d let you know of the tax liabilities and handle the paperwork by themselves. But what you really wanted to know was the best legal way to transfer $100,000 from USA to India
How much money can I send back to India from abroad?
Theoretically speaking, there is no limit to the amount of money you can send back to India in a year. All governments welcome funds from foreign countries as it bolsters the economy.