Post
by sasif_2003 » Wed Sep 16, 2009 3:56 am
I mean the total earings calculated exactly by using the formula
- total earnings/excahnge rate* 5.3 .
On Onda website two different figures are listed if you convert INR to GBP
and GBP to INR.
As per the OANDA rate for INR TO GBP -->1 INR =0.01239GBP
1 Indian Rupee = 0.01239 British Pound
1 British Pound (GBP) = 80.72800 Indian Rupee (INR)
The below figure is Tto convert GBP to INR taken from OANDA
1 British Pound = 81.00606 Indian Rupee
1 Indian Rupee (INR) = 0.01234 British Pound (GBP)
If you check the above there is a difference in pound value against ruppee 80.72800 and 81.00606.
Now while entering the earnings details on the assessment form there is a section as below
Source of Earnings -xxx company
Country of Earnings -India
Currency in which Earnings were paid -INR
Earnings Claimed (in original currency) -700000
Exchange Rate Applied -80
Earnings in pounds sterling-48000.xx[formula applied 700000/80*5.3]
Evidence of earnings provided-payslips etc..
Is that the correct entries?
Exhange rate applied is enteretd as 80, if we calculate in reverse manner by application exchange rate from INR to GBP[0.01234]then the total value differes by 30 to 40 pounds .
Please let me know the exchange rate applied is correct or wrong?
thanks