The Hindu Business Line : Indians in overseas cos can remit net salary to relatives abroad

INDIAN nationals employed by overseas companies, and on deputation to India, may now remit their salary for maintenance of close relatives residing abroad.

In a notification issued here, the Reserve Bank of India has said that authorised dealers can allow remittance of net salary (after deductions of taxes, contribution to provident fund and other deductions) of an Indian citizen, who is on deputation to the office or branch or subsidiary or joint venture in India of such overseas company, for the maintenance of close relatives residing abroad.

This facility was already available to foreign nationals (other than Pakistanis), who are resident but not permanently residing in India while in case of such Indians, the matter was required to be referred to the Central Bank.

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