Hi Cosmopol, Here is the catch. The retiral and deferred payments such as PF( provident fund) & gratuity are not taxable income as per the indian govt rules. These can be obtain either on retirement or in case person leaves the company. So taxable income to be declared in Form 16 do not include ...
Hi Experts, I would like to know do the gross salary that need to be shown for past 12 months for claiming points in earning sections under the HSMP scheme means gross pre-tax salary (CTC) inclusive of all components (monthly, annual, retiral and deferred payments). Or only monthly gross is seen. I ...
hi BRudin, what make you think to go for hsmp. you are a US citizen with indian roots. Better leverage your indian connections . Setup the stuff here in india and make deals in the western world. Make a win-win case both for US & india rather than running from the situation. Even when I am think...
Hi noddy214, You got it rightly. My contribution to PF per month is very much shown in all of my wage slips.( rather that is a deductions on my Take Home). But the Employer's contribution is not shown. That contribution I can show letting my latest on-line PF statement. Off course in my offer letter...
Hi noddy214, Thanks for sharing the exprince. Actually I did ask earlier the question on earnings but no body reply on this fourm. I wanted to know whether 1> the employer's contribution to emplyee's Provident fund is considered are part of gross income. 2> gratuity is consider part of gross annual ...
Hi All, Please share with me as how much time generally hsmp people take on general enquiry on some issue. I did send the e-mail at below address last wednesday. wpcustomers@ind.homeoffice.gsi.gov.uk In case if this e-mail address is too much busy, should I better ring them from here in india. regar...
Hi gill bhaji, As I could understand let me gave u my point of view on this issue 1 cost of living, living standard. Ans: As per UN report Per person GDP per annum canada : 28k USD Uk : 25k USD Plus canada has more open houses, wide road campare to UK. But note if one get good job then this standard...
Hi Cosmopol,
Thanks for the clarification. Yeah, i will be using the monthly conversion of each month (for each past 12 months )in converting corresponding earned month salary in pounds. I think that way i m well thorugh.
7. How do you convert earnings to UK sterling and what happens if I haven?t worked for 12 months? Normally the currency rate at the time the application is being considered by WP (UK) is used, however, if the applicant is able to demonstrate that the currency rate has altered since the time it was e...
Hi All, I have query on earning part. To show past 12 months gross earning. Do we need to apply monthy average exchange rate to convert say indian rupee ( earn in that month) into pounds. I could find the monthy average exchange rates in below site. http://www.x-rates.com/d/INR/GBP/hist2004.html Als...
