(i) Foreign nationals who are not permanently resident in India but are in regular employment with Indian firms/companies on payment of monthly salary, are permitted to make recurring remittances for family maintenance. Authorised dealers may allow such foreign nationals, who are their regular constituents, to make recurring remittances for family maintenance, etc., upto 75% of their net salary (i.e., after deduction of contribution to provident etc. funds and taxes payable) after verifying that they hold valid employment visas. On request, authorised dealers may also allow remittances in excess of 75% of net salary provided the foreign national is in receipt of perquisites in India such as free housing, conveyance and medical facilities and his family (wife and/or children) is resident outside India.

(ii) Salaries to the employees deputed by foreign companies to their Indian offices/branches/subsidiaries/joint ventures may be paid abroad to the extent of 75% of the net salary (tax to be paid for the full amount in India) and balance amount of salary may be paid in India.

NOTES: A. The foreign national concerned should be advised to maintain a bank account with the authorised dealer through whom the remittance is proposed to be made, for depositing his income in India.

B. Every time a remittance is effected by authorised dealer in terms of this paragraph, a declaration should be obtained from the applicant, on the relative form A2, that remittances made by him for all purposes during the month including that applied for, have not in the aggregate exceeded the net salary and that remittance applied for is being made out of savings from income accrued during that month after retention of adequate funds for his current expenses in India. Authorised dealers should also append a certificate on reverse of the form that remittances made by applicant during the month have not exceeded the net salary.