In today’s era, a large number of Indian youth dream of working abroad. The desire for better salary, good standard of living and international experience motivates them to go out of the country. In such a situation, many people have started paying attention towards countries like Azerbaijan. But before getting a job abroad, the biggest question is that how much will the salary received there be considered in India. Especially when we talk about Azerbaijan, there is often confusion among the people about its currency, Azerbaijani Manat.
The national currency of Azerbaijan is called Azerbaijani Manat. It is written as AZN in short. Its price is higher than Indian rupee. According to the current rate, 1 Azerbaijani Manat = approximately 53.07 Indian Rupees. That means if someone gets 1 Manat in Azerbaijan, its price in India will be equal to around Rs 53.
Salary of 50 thousand manat in Azerbaijan
Now the question arises that if a person gets a salary of 50,000 manat in Azerbaijan, then what will be its price in India. If we calculate according to the current rate, then
50,000 Manat × Rs 53.07 = approximately Rs 26.5 lakh
That means an earning of 50 thousand manat in Azerbaijan will be considered equivalent to around Rs 26 to 27 lakh in India. This amount sounds quite huge and that is why many young people seem excited about jobs in Azerbaijan.
How beneficial is Azerbaijan from job point of view?
There are good job opportunities in Azerbaijan in sectors like oil, gas, construction, IT, tourism and education. Especially there is a demand there for engineers, IT professionals, managers and technical workers. Many companies also pay good salaries to foreign employees.
However, taking decisions based only on salary is not considered right. Before doing a job in any country, it is very important to understand the expenses, taxes and standard of living there.
how much does it cost in azerbaijan
The cost of living in Baku, the capital of Azerbaijan, is considered to be similar to the big cities of India. A good amount of money is spent on rent, food, transport and other needs. However, if the salary is good in Maanat, then one can live comfortably there.
Compared to India, some things are cheaper there, while some things may also be expensive. Therefore, even though a salary of 50 thousand manats may seem equivalent to Rs 26 lakh in India, the actual savings depend on your lifestyle.
Mathematics of tax and saving
Income tax in Azerbaijan is different than in India. The tax system there is considered simple. If your salary is high, good savings are possible even after tax is deducted. But before accepting the job, it is important to understand the tax rules thoroughly.
Also read – How much salary does the station master get now, how much will it increase after the 8th Pay Commission?
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