India, Aug. 9 -- An Indian man living in Australia has explained why a $100,000 annual salary can look very different when converted into Indian rupees. Taking to Instagram. Karan Singh Gill explained how taxes, rent and everyday expenses affect his actual savings in Australia.

"Jab maine apni family ko bataya ki main Australia mein 1 lakh dollar kamata hoon, unhone calculator nikala, 67 lakh likha aur mujhe crorepati declare kar diya. (When I told my family that I earn $100,000 in Australia, they took out a calculator, wrote 67 lakh and declared me a crorepati)," Gill said in the video.

He said that his family's calculation was not completely wrong, as $100,000 converts to around Rs.67 lakh at an exchange rate of Rs.67 per AUD. However...