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An applicant should use the closing. exchange rate on the OANDA website at http://www.oanda.com/convert/classic on the last day of the period for which he/she has claimed earnings in that currency.mclrajan wrote:Hi,,
For indian rupee to pound conversion, which exchange rate we should consider. This doubt arises for me as the pound value decreases considerably . Earlier I was not eligible , now it seems I am eligible for the same salary.
mclrajan wrote:I am going to apply from chennai only. I have enough money for fund maintainance last three months. My total gross from march-09 to Feb-10 is Rs .. 314800 . Actually I need 20 points only. Could you please calculate and confirm me...
smarty1277 wrote:Hi mclrajan,
Please do check once again as the lady at the VFS told me that they have fixed the GBP to INR rate and it will remain same till further notice. Still they consider 1 GBP = 80 INR. Thats why the TIER1(G) fee is 54,000 INR even though the conversion rate at Oanda is 1 GBP = 68 INR. I am not sure but do check before applying. Thanks...
mclrajan wrote:Hi,,
For indian rupee to pound conversion, which exchange rate we should consider. This doubt arises for me as the pound value decreases considerably . Earlier I was not eligible , now it seems I am eligible for the same salary.
Not true. You should take a print out of the policy guidance show to that lady at VFS.Please do check once again as the lady at the VFS told me that they have fixed the GBP to INR rate and it will remain same till further notice. Still they consider 1 GBP = 80 INR. Thats why the TIER1(G) fee is 54,000 INR even though the conversion rate at Oanda is 1 GBP = 68 INR. I am not sure but do check before applying. Thanks...
113. If an applicant is in salaried employment, we will assess the applicant’s gross salary before tax. This includes self-employed applicants who draw a salary from their businesses. If the applicant earned the money in a country with no tax system, we will consider his/her total earnings for the period.I think you have to take Net Salary instead of Gross (Net = Gross - Deductions) as Net Salary is the amount that is going to be credited in your bank account which you are going to submit as Previous Earnings proof along with Salary Slips.
aruni4470 wrote:Not true. You should take a print out of the policy guidance show to that lady at VFS.Please do check once again as the lady at the VFS told me that they have fixed the GBP to INR rate and it will remain same till further notice. Still they consider 1 GBP = 80 INR. Thats why the TIER1(G) fee is 54,000 INR even though the conversion rate at Oanda is 1 GBP = 68 INR. I am not sure but do check before applying. Thanks...
127. An applicant should use the closing exchange rate on the OANDA website at http://www.oanda.com/convert/classic on the last day of the period for which he/she has claimed earnings in that currency. This is an independent website, for which we are not responsible.
113. If an applicant is in salaried employment, we will assess the applicant’s gross salary before tax. This includes self-employed applicants who draw a salary from their businesses. If the applicant earned the money in a country with no tax system, we will consider his/her total earnings for the period.I think you have to take Net Salary instead of Gross (Net = Gross - Deductions) as Net Salary is the amount that is going to be credited in your bank account which you are going to submit as Previous Earnings proof along with Salary Slips.
http://www.ukba.homeoffice.gov.uk/sitec ... idance.pdf