Relocating back to India - Mumbai

Jul 23, 2018 76 Comments

Have been here for over 10 years and at Apple for close to 6. Planning to move back to India in next 3 years. Our base and family has always been in Mumbai and so want to relocate back there. Relocating anywhere else would not serve the purpose.
Apple does not have much in Mumbai. Google is the only option I see.
I am a Sr web developer and Ux Expert.
Tech exp 15 years.

What are the options and expected salaries/Bonuses.

comments

Want to comment? LOG IN or SIGN UP
TOP 76 Comments
  • CharityKarma YVaS65
    Lot of things will change in 3 years including your decision to relocate. Repost after 3 years in my opinion.
    Jul 23, 2018 6
    • Apple Mikgfh
      I’m now helping with comment, true. I’m being plain honest. Retirement analogy is not fair in this case.

      You’ve moved here due to some situation correct? It’s very possible your plan to move back will have uncertainty. If you are moving within few months then planning makes sense IMO.
      Jul 24, 2018
    • OP
      Thanks for that. Moving in months is difficult unless you have to leave the country ASAP due to some restrictions.
      If you have property, loans, kids schooling, 401k RSUs and a well paying job it will always take time because you want at least some of the comforts to be made available back there. Yes major decisions would come in the last year, but leaving it to the very end just won’t help. The more I am finding out and talking to my tax advisor and others there is a growing list of things to be settled here before you move. You need to give your self that space and plan and time It right 😊
      Jul 24, 2018
  • Bangalore will be your best bet... Can fly to Mumbai every weekend
    Jul 23, 2018 11
    • Amazon 123raj
      Right it will he everywhere but blr is just horrible. I 'd say since u've already lived outside u should have decent savings think of a smaller town with peaceful life
      Jul 24, 2018
    • OnDeck ddxxyypp
      @apple Maybe Pune is better compared to Bangalore for you? You can visit every weekend and it won't be too expensive either?
      Mar 16, 2019
  • Flagged by the community.

  • Qualcomm bomdiggy
    Sorry but Mumbai is shit and has always been shitty. Before you assume anything about me, I was born and raised in Mumbai, albeit from the suburbs and not SoBo. It's truly a poor man's NYC. But upto you if you so want to move there. Good luck.

    Instead of Google, maybe look at something to start your own. You got Finance plus Bollywood there.
    Jul 23, 2018 3
    • Qualcomm bomdiggy
      Yeah I couldnt accept it and I ran away as fast as I could. I have no problems in saying I'm not patriotic.
      Jul 23, 2018
    • OP
      It’s does not make you any less patriotic, it’s just the way you feel. And a lot do which is not wrong considering the scenario there. But am sure you cheer for the same movies, cricket matches every bit now as you did then.
      That’s something that you can’t take out.
      Jul 23, 2018
  • Microsoft dkekf
    What are you going to to do with 401K principle amount and the earnings from it once you move back to India?
    Jul 23, 2018 2
    • Microsoft / Other AmarAkbar
      You can keep them intact and only withdraw upto $34K every year which is the new zero tax threshold; you’ll have to pay 10% penalty though.

      Alternatively you can just let them grow until you retire
      Jul 24, 2018
    • Apple / Eng JilJungJug
      401K has strict hard withdrawal terms. You cannot keep withdrawing amounts every year. Those requests has to be justified and Empower Retirement can deny at will. Only when there are genuine needs for withdrawal, it’s allowed with 10% premature withdrawal. Only if OP leaves Apple, there are other easy strategies to keep withdrawing amounts gradually and pay minimum tax as non resident alien.
      Jul 24, 2018
  • Amazon Foogle
    R2i forums
    Jul 23, 2018 0
  • Microsoft dkekf
    What are you going to to do with 401K principle amount and the earnings from it once you move back to India?
    Jul 23, 2018 7
    • Microsoft dkekf
      What if one is not a citizen/GC of USA and moved back to India?
      Jul 24, 2018
    • F5 Networks / Eng pqbQ75
      ^ Yeah. Most of Indians who go back would be the ones who aren't Citizens or GC holders.
      Jul 24, 2018
  • OP
    Money would be very subjective, you could be happy with a million and you won’t be even with a 💯 million. Also the same would hold different value when you move to a city of Mumbai compared to other cities India.
    But in all these years I have made enough to buy my own single family house in the Bay Area. And saving that would allow me to buy a property back home without having to sell the home here.

    In terms of investment would keep some money and account here to play around in the stock market. A lot would go toward buying a property back home. Initially would split some as part of fd, mutual funds but not sure about stock market there since am horribly out of touch.
    Would probably not do cumulative interest since would need that for monthly toppers apart from the salary back there.
    Jul 28, 2018 1
    • Apple / Eng
      love 🍎

      Apple Eng

      PRE
      Intuit
      BIO
      Engineering, devops,AI,database
      love 🍎more
      Is good to buy home now in Bay Area . Considering any appreciation in 3-5 years
      Jul 28, 2018
  • Amazon Hdmana
    Amazon is expanding in Mumbai, especially AWS. I recommend joining amazon US and then taking internal transfer to India. You carry over RSU and remaining joining bonus, both will be MUCH higher than what you’d get for a new offer interviewing in India.
    Jul 23, 2018 1
    • Deutsche Bank Megalo
      I recommend this too - change companies , get 4 yr RSU scheduled , then move to India and your first few years salary is guaranteed to be very high
      Jul 24, 2018
  • OP
    For those who asked about 401k so I had detailed discussion with the tax advisor and there are 2 paths. You can decide which way to go.

    First decide whether at all you may come back or even need money in future back in the us. May be your kids come here for education one scenario or may be you decide to come back.

    If you don’t want to come back in any scenario and are firm and don’t have GC then do not get it. Since once you get it you will be taxed on your global taxes in Us irrespective of where you live and that will be a big pinch.

    Also advisable is to not take 401k in one shot leave it here. When you want to withdraw there is always a penalty of 10%. But if your tax currently is 40% withdrawing will make it 50.
    Instead withdraw based on the minimum e.g 10k or 15k on that you will pay the penalty but hardly any federal or state tax but roughly around 15%. As the amount goes up the taxes will so balance.
    Also remember rupee in all probability will keep depreciating. So if you need money after 3 yes you will probably get more in 3 years time then now.
    Where as if you take all you lose half and then if you want to transfer money here for any reason the depreciating rupee will hurt a lot.
    Hope this helps
    Jul 28, 2018 0

Salary
Comparison

    Real time salary information from verified employees