The 60-second version
China exit needs employer IIT settlement, work permit cancellation, and social insurance closure before India tax residency — no comprehensive India-China DTAA, so model foreign tax credit carefully.
Work permit cancel gates IIT settlement — employer must issue tax clearance before RMB wire
Individual Income Tax (IIT) on China-source salary stops when tax residency ends — employer files departure-year settlement with local tax bureau.
Social insurance (pension, medical, housing fund) export rules vary by city — Shanghai and Beijing have distinct withdrawal forms for foreign nationals.
India has no comprehensive DTAA with China — carry Chinese tax paid certificate for Form 67 analysis, not automatic treaty rate.
Asia cluster: Hong Kong guide, Taiwan guide, and Macau guide for Greater China parallel exits.
China lanes after departure
| Item | China | India |
|---|---|---|
| Salary IIT | Employer withholding ends | Global income if ROR |
| Housing fund | City-specific withdrawal | Not taxable on export |
| Social pension | Partial export rules | Taxable on receipt |
| RMB bank | Close with FX cert | Schedule FA last FY |
| RSU / options | China CG on exercise | India CG + Form 67 |
China exit sequence
Work permit cancel
Employer + PSB within statutory window.
IIT settlement
Departure-year return + tax paid cert.
Social insurance
Pension + medical + housing fund forms.
RMB wire
SAFE-compliant SWIFT to NRE.
India RNOR
Schedule FA for any retained CN brokerage.
Exit flow
China export kit
- Work permit cancel slip.
- IIT tax paid cert.
- Housing fund letter.
- Final payslips.
- Bank closure letter.
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No full DTAA
India-China lacks comprehensive treaty — do not assume automatic FTC; model both jurisdictions with CA.
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Partial-year China IIT return?
Yes if CN-source income in departure year — employer typically files.
Keep China brokerage?
Allowed — Schedule FA + India CG on sale.
Housing fund withdrawal?
City rules differ — Shanghai and Beijing have foreign-national exit forms.
RNOR on CN pension?
Foreign pension may qualify for RNOR exemption — verify with CA.
Remote work for CN firm?
PE risk — employer may continue IIT withholding.
Mandarin tax docs?
Request English summary from employer for Form 67 pack.
Your country's rules are the starting point, not the finish line.
Tax exits, pension continuity, banking notifications — the India side has its own rules too. Get both sides clear.