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I joined BA a year back, my office location is Chennai however from the joining date I'm working from Gurgaon and now my manager wants me to return to office location in Chennai. if employee is not ready to relocate as per offer letter would he be asked to resign or management is allowing them to work as exception Bank of America
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The value in dollars is same every year. Last year the stock was around $45 so you got 55, this year it’s $52. In 2023 we got 65 shares when it was $35.
I also got 48
Can you cash all these RSU this year or how it works??
This is spread over 4 years.. after one year you can withdraw 1/4
Someone over 20 lakhs only get these RSUs correct?
It's generally for annual salary above $25,000. So every year the exact INR value depends on the INR to dollar conversion ratio. This year I think it's 21.6LPA, meaning anybody above that(as of 31Dec2025) should be getting the RSUs .
So, you are getting 56 thousand rupees worth of shares to cash out every year right??
May be less also. Depends on the time it is vested (1/4 of the total units) and the Bofa stock value.
Also, 30 % tax for INR equivalent of the stocks sold to you that year
+ Capital gain taxes (if any)
+ wire transfer charges and Currency conversion has to be considered 😂