Dashboard Remittance & Tax Estimator

Freelance Exchange & Tax Estimator

Convert international freelance payments, model bank transfer exchange spreads, withholding taxes, and GST reverse charges.

100% Offline Business

Remittance Details

Invoice / Remittance Amount

Select Currency

Base Exchange Rate (INR)

Bank Fee / Markup Spread (%)

Foreign Withholding Tax / TDS (%)

GST treatment (Inward Remittance)

LUT & FIRC Exemption Active

By filing a Letter of Undertaking (LUT), freelancers export services at 0% GST, avoiding blocking capital. Make sure your receiving bank provides an FIRC.

Remittance Audit

Gross Invoice Value (INR)

₹0

Deductions (Fees & Taxes)

₹0

Fees: ₹0 | Tax: ₹0

Net Credited in Bank ₹0

Remittance Split

Legal Disclaimer

This calculator is provided solely for informational and educational purposes. Calculations are estimates based on standard algorithmic rules and inputs, and should not be construed as professional financial, legal, or tax advice. Actual tax liabilities and financial structures may vary depending on corporate policies, jurisdiction, and individual circumstances. Please consult with a certified financial planner or tax advisor before making any financial decisions.

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Frequently Asked Questions

Quick direct-answer guides about using this utility tool locally and securely.

What is an FIRC and why is it important?

A Foreign Inward Remittance Certificate (FIRC) is a document issued by receiving banks as proof that you received a foreign payment in international currency. It is critical for tax compliance and claiming export GST exemptions.

Do freelancers have to pay GST on foreign earnings?

No, foreign earnings from exporting services are treated as "Zero Rated Supply" under GST. You do not pay tax on it, provided you file a Letter of Undertaking (LUT) annually and receive payments in convertible foreign currency with FIRC proof.

What is a Letter of Undertaking (LUT) and why do freelancers need it?

A LUT is a declaration filed with the GST department (Form RFD-11) that lets you invoice foreign clients without charging 18% IGST upfront — without it, you'd have to pay IGST on every export invoice and wait months for a refund, blocking your working capital unnecessarily.

When does GST registration become mandatory for freelancers?

GST registration is mandatory once your aggregate annual turnover exceeds ₹20 lakh (₹10 lakh in special category states like the Northeast). However, if you earn from foreign clients, voluntary registration below this threshold is often recommended since you can't file an LUT or claim export benefits without a GSTIN.

Does income from Upwork or Fiverr count as export of services under GST?

Yes, if your client is based outside India and payment is received in convertible foreign currency, it generally qualifies as an export of service — the platform itself (Upwork, Fiverr) doesn't change your GST status, what matters is where your client is located and how you're paid.

When does the LUT need to be renewed each year?

The LUT is valid only for one financial year (April to March) and must be renewed before 31st March — filing it late means any export invoices raised before the new LUT is approved could be treated as taxable, not zero-rated.

What documents are required to prove export of services for GST refunds?

You need export invoices marked "zero-rated supply under LUT," the FIRC or e-FIRA for each payment received, your LUT acknowledgment, and a statement of export invoices — these are required together if you ever file for an ITC refund via Form RFD-01.

What happens if my foreign client pays me in Indian Rupees instead of foreign currency?

For the transaction to qualify as an "export of service" under GST, payment must be received in convertible foreign exchange (USD, GBP, EUR, etc.) — if paid directly in INR without going through proper foreign exchange channels, it may not meet export conditions and could attract GST.