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Previous Earnings - Bonus Consideration

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jedi1411
Newly Registered
Posts: 25
Joined: Mon Apr 19, 2010 10:41 pm

Previous Earnings - Bonus Consideration

Post by jedi1411 » Mon May 24, 2010 5:58 pm

Hello Senior's,
I will be applying in June-2010 with the 12 months starting from April09 to March 2010.
01April 2009-31st January 2010 India Salary
01Feb 2010-31st March 2010 - UK Salary.

My query is that i was paid a bonus in March 2010, now this bonus is for the period from Jan09 - Dec09,
1. I will be showing the March salary slip in GBP and the bonus Salary Slip in Rupees as my bonus was paid for Jan-09-Dec-09 when I was in india for this period; Should I use the uplift ratio on the bonus amount?

2. Should I Pro-rate the bonus into monthly payments and discard the amount from Jan09-April09? Can I use the Uplift Ratio here?


Your help is appreciated
Regards,
Jedi1411

vks
Senior Member
Posts: 766
Joined: Mon Feb 23, 2009 6:56 am

Re: Previous Earnings - Bonus Consideration

Post by vks » Tue May 25, 2010 8:25 am

jedi1411 wrote:Hello Senior's,
I will be applying in June-2010 with the 12 months starting from April09 to March 2010.
01April 2009-31st January 2010 India Salary
01Feb 2010-31st March 2010 - UK Salary.

My query is that i was paid a bonus in March 2010, now this bonus is for the period from Jan09 - Dec09,
1. I will be showing the March salary slip in GBP and the bonus Salary Slip in Rupees as my bonus was paid for Jan-09-Dec-09 when I was in india for this period; Should I use the uplift ratio on the bonus amount?

2. Should I Pro-rate the bonus into monthly payments and discard the amount from Jan09-April09? Can I use the Uplift Ratio here?


Your help is appreciated
Regards,
Jedi1411
Technically, your bonus is part of Jan09-Dec09, but you received in march2010 (while you are in UK)

So I would explain the situation and use the same for upliftment.

IMO, this question may need attestation from HO. So write back to the HO
Regards,
vks

jedi1411
Newly Registered
Posts: 25
Joined: Mon Apr 19, 2010 10:41 pm

Post by jedi1411 » Tue May 25, 2010 12:01 pm

Thanks for your quick reply,
Should I Pro-rate the bonus into monthly payments and discard the amount from Jan09-April09?

Regards,
Jedi1411

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