# Indian in Australia busts myth of crorepati salary abroad 2026-08-09T15:48:19+00:00 | World & Diplomacy | Indian Opinion Desk Corroboration: 1 independent outlet An Indian professional in Australia, Karan Singh Gill, has gone viral on Instagram for debunking the myth that earning in dollars abroad automatically makes one wealthy in India. Gill said his $100,000 annual salary (about Rs 67 lakh at current exchange rates) prompted relatives to declare him a crorepati. But he broke down the reality: after income tax and Medicare levy of $22,788, rent of $26,000 a year, and $20,000 for essentials, his disposable income is just $31,000. "Conversion only applies to the money you send to India. The money you spend here doesn't have that Rs 67 magic," Gill said. He noted that a $5 coffee equals around Rs 355, and a $40 haircut about Rs 2,700. Banks in Australia also look at actual savings, not gross salary alone, he added. The video underscores how purchasing power, not the exchange rate, determines real wealth for Indians abroad. ## Coverage - livemint.com Tags: Australia, cost of living, Instagram viral, overseas Indians, purchasing power, salary myth Canonical: https://indianopinion.org/indian-in-australia-busts-myth-of-crorepati-salary-abroad/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/indian-in-australia-busts-myth-of-crorepati-salary-abroad/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.