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Unfortunately you will not be able to apply uplift ratio on Indian earnings for the period you were in the UK. This case has been discussed many times and the result is always the same.suryaatimg wrote:Dear Gurus,
Can you please advice me the correct way of calculation...
Regards,
Surya
After reading your case above, I believe you should apply uplift ratio for the full INR 21k as you were in India for all on Nov.suryaatimg wrote:Relating to my above case posted by me, could anyone please clarify me and suggest me the correct way.
As said earlier, I have returned back to India from UK on 1st Nov 2009. But, I have reported to my office in India only on 5th Nov 2009 after taking leave for for 3 days (I have actually availed my onsite leaves). As a result, my payroll dept have generated two payslips for the same month of November 2009.
1. First 4 days (1st NOV to 4th NOV) - payslip with gross salary Rs. 1000.
2. Balance 26 days (5th NOV to 31 NOV) payslip with gross salary Rs. 20,000.
But, they have credited the Net salary amount after deductions as shown in each payslips together in my bank account.
My doubt here is that, since I have returned back to India on 1st Nov 2009 itself, Can I apply the uplift ratio for the whole gross salary from both the payslips (i.e., Rs. 21,000) ? Or should I apply uplift ratio for only the gross salary in my second payslip (Rs. 20,000)?
Dear Gurus,
Could you please suggest me the correct way of calculation? I couldn't find any similar case in this forum.
Thanks in Advance...
Why cant you include Mar 2010 and drop Mar2009? Exchange rate at march 10 end would benefit you more, isnt it? this is assuming you were in India in Mar 10vmitt wrote:Dear gurus,
I
18th feb - 28th feb 2010 physcially in india, earning in INR : with uplift factor