Earning in USD$$$
Hi folks, I’m done earning in rupees. It just doesn’t make sense anymore when USD is exponentiating day by day. So I want to hear directly from people in India who are earning in USD through remote jobs. If you’re one of them, please drop your real experience. I’m looking for practical, honest answers, not motivational quotes. 1.How did you get the job exactly? Through which portal or platform? 2.How was your salary growth in that company? Like real numbers: for example, started at 50k USD, after 1st appraisal it became 60k, after 2nd appraisal, etc. 3.What are your work timings like? 4.Do you have the flexibility to work from any country while being employed by a US company? 5.Be honest: do US companies have more internal politics and racism, or are they actually better compared to Indian companies? 6.Do you think working in US companies can realistically help someone retire in 10 years?
It doesn't matter whether you earn in USd , or any other forex. You will have to pay tax in India if you are resident as per IT.
Living in India, if you earn in USd, it will have to be converted to INr and nirmala tai will take her share.
Ok let's clear this myth up.
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Earning is USD doesn't mean a company pays you directly in USD. That simply cannot happen unless they open a bank account for you in the US.
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So what do people usually mean when they say this? It mostly means that they pay you the full amount of your salary without tax deductions.
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If you earn 1L/m, they will pay you the full sum, and it is upto you to decide whether you want to file your taxes or not (not really). But here's the thing, there are loopholes to avoid paying taxes on this amount, but it absolutely cannot work for everyone. Which is why I say, it is really no different than letting the company deduct tax and give you your salary.
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bigger US companies in general are better in terms of overall work benefits, comp, management etc than Indian companies. But US companies work very hard, take no excuses, and are very result oriented. There are definitely good Indian companies out there too.
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Unless you're working abroad and actually getting paid in foreign currency, it doesn't matter. If you're working in India, you will always be paid according to Indian standards (but ofcourse above market rate).
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Work timings and flexibility to work from anywhere depends on your employer and team.
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Salary growth again depends on your company, but with bigger US companies they usually have guided protocols in place for this. Again, you do not get paid in real USD.
