FX & tax calculator

What goes on the invoice, and what actually reaches your account.

Your invoice

Corridor

Amount

Billed in

Paid out in

Your rate

Use the rate your bank actually gives you, not the mid-market rate. They are not the same number, and the difference is the point of this calculator.

Gateway fee (%)

Bank fee (INR)

On the invoice

Services: $3,000.00
GST (0%): $0.00
Invoice total: $3,000.00

Export of services — zero-rated under LUT

What reaches you

After gateway fee: $2,925.00
Converted at 83.50: ₹244,237.50
Lands in your account: ₹244,237.50

You keep 97.5% of what you billed, after fees and conversion.

Usually zero-rated as an export of services when supplied under a Letter of Undertaking. The invoice should carry your GSTIN and state that it is an export under LUT without payment of IGST.

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This is general information about common tax treatments in these corridors, not tax advice for your business. Rates and rules change, and your circumstances may differ — confirm with your accountant before relying on any of it.