Mba Tax Credit
November 8th, 2008
Question: I have been offered a managerial profile with leading Bank in Saudi Arabia?
The offer is direct Bank employment – profile is Corporate
Credit Manager- Salary offered – SR 21000 per month plus
medical benefits & Annual Bonus, Loan benefits
- I have been offered one month sign-on bonus- Present Position – Manager- MNC bank in India – current
annual package – Gross Rs.11 lakhs (around SR 100000),
Net after tax – Rs.9 lakhs – SR 80000- I am 28 years old, married recently
- I am a commerce graduate with MBA from reputed top
B-School in India.My Questions:
- Is the package offered good / in line with standards?
- What is average cost of accomodation & other expenses?
- Both myself and my wife are pure vegetarians – Are Good
restaurants available for weekend lunch/dinner?
- Is the Income completely tax-free?
- Is Body cover & face cover strict for Expat Indians?
- Can my wife take up job – She is bank employee in India?
- Can I hear to music/see movies in my home DVD?
- Is taking licence easy & buying car affordable?
Thanks
Answer: ok a lot of questions, I’ll try to answer some.
“What is average cost of accomodation & other expenses?”
Depends on the city, for example, in Jeddah the range is SR 25000 and 80000 annually.“Both myself and my wife are pure vegetarians – Are Good
restaurants available for weekend lunch/dinner?”
where in Saudi Arabia? Jeddah or Riyadh? anyway, there are a lot of restaurants but few ones that offer vegetarian meals.“Can my wife take up job – She is bank employee in India?”
it’s not easy to do so, because of the Saudization policy. But if she has a very good experince (5-10 years) and good degrees and qualifications she will have a good chance.“Can I hear to music/see movies in my home DVD?”
are you serious? of course you can.
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