Home » business news » United States targets Indian IT companies, set to reintroduce Rs 1.34 lakh fee for H1B, L1 visas
 
SPEED NEWS

United States targets Indian IT companies, set to reintroduce Rs 1.34 lakh fee for H1B, L1 visas

News Agencies | Updated on: 14 February 2017, 1:18 IST
QUICK PILL
  • The bill has been written in such a way that it would impact only Indian companies.
  • Indian companies have paid between $70 to 80 million (Rs ​468.8 - 535.8 crore) per annum between 2010 and 2015.

A special $2,000 (Rs ​1.34 lakh) fee could return on H1B and L1 visas for Indian IT companies to fund a 9/11 healthcare act in the US with a group of Congressmen quietly mounting fresh efforts to re-impose it.

Such a move has been made part of the James Zadroga 9/11 Health and Compensation Act which funds health screenings and treatments for 9/11 first responders.

The bill, named after Detective James Zadroga who died of a respiratory illness in 2006, expired on October 1. Lawmakers seek to permanently extend the bill and want to generate necessary funds by imposing a $2,000 (Rs 1.34 lakh) additional fee on H1B visas.

The bill has been written in such a way that it would impact only Indian companies.

According to NASSCOM, Indian companies had paid between $70 to 80 million (Rs ​468.8 - 535.8 crore) per annum between 2010 and 2015.

The "extra fee applies to companies with at least 50% of their employees on H1B visa or L1 visas, and is in addition to the other fees paid by employers," Computerworld reported.

Because of its 50% threshold, it mostly hits the large Indian IT services firms, the leading users of the H1B visa, the report said.

-PTI

First published: 15 December 2015, 12:33 IST
 
PREVIOUS STORY
NEXT STORY