earning conversion per month basis

[simar]

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


Also I would like to ask do the provident fund , gratuity are also part of gross income.

regards

[simar]

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 earned, then WP(UK) may consider historical data where provided.



Hi Guys,
I have read this FAQ in the hsmp official page. What should be interpreted on currancy conversion. Actually my case is borderline case in earnings. In case I use latest rate then I am bit short of showing 7500 pounds( india). But in case I use average monthly conversion of each month from last year. Then I am well thorugh. Any comments are well appreciated.

regards

[Cosmopol]

Of course there is certain leeway in currency conversion; they won't accept if you use rates from 20 years ago, but any reasonable bona fide rate (for example, valid at the time you received the income) could be accepted towards the points you claim.

[simar]

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.



regards.