A far cry from its origins as small village, Gurgaon now has the third highest income per capita in all of India, and one of the country's fastest growing economies. Gurgaon's economic output comes mainly from the service sector, which has grown rapidly over the last few years.
In particular, it is home to many outsourcing customer service and information technology support companies, which has led it to be called one of the most important outsourcing locations in the world. In addition to customer service and IT support, there are also outsourcing firms specializing in shipping and delivery, sales, and software.
The growing economy has led many multinational corporations to establish offices and Indian headquarters in the city, including Coca-Cola, IBM, American Express, Microsoft, and Bank of America. Expatriates working in Gurgaon are usually employed by one of the many corporations based in the city, or in outsourcing.
The Indian visa system does not require expatriates working in Gurgaon to apply for a work permit separately from their work visa. There are two kinds of visas for working in Gurgaon, and both must be applied for in your home country through your embassy or consulate. The employment visa is for expatriates wanting to work in Gurgaon for a company or do volunteer work. These will usually last for between two and five months, depending on the professional and employment status of the expatriate, and can be renewed. The second type is the business visa, which is for expatriates working in Gurgaon for or on behalf of a foreign company, and usually lasts for six months.
The Indian income tax system is notoriously complex, particularly when it comes to foreigners. Expatriates working in Gurgaon will be required to pay income tax, but what counts as taxable income depends on their residency status. There are three different states of residency for tax purposes
The income tax rates for expatriates working in Gurgaon for 2015 are as follows: