SquishyBurrito
SquishyBurrito

Joined startup as a contractor. Need help understanding Withdrawals & Taxations

Context: I am a professional based out of India and doing some contractual work for a company based out of SF. Now, they're paying me money via Deel in usd and I need to collect it here in India.

Queries:

  1. What is the most cost effective way of withdrawing money from Deel?

  2. What is an FICR and do I need it if the txn is under $3,000?

Would really appreciate the help. Cheers :)

8mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
PeppyMarshmallow
PeppyMarshmallow

Use Skydo. You get FIRA with every transaction. They charge a flat fee of $19 for txns <$2000 and $29 otherwise. It's been great for me.

You can also get the first two of your Skydo fee waived off using a referral. Here's mine - https://join.skydo.com/roopesh

Let me know if you have any questions.

QuirkyMochi
QuirkyMochi

Hey did you figure it out the best option?

Discover more
Curated from across
Personal Finance
by SparklySushiTekion

Need help in getting usd from a client.

Hi, I need some help from the finance experts.. I have been doing freelancing for a few months. Until now I was doing it on upwork and other freelancing sites and the amount was also lower (<1lac). Recently I was working with a client ou...

Misc
Misc5mo
by SquishyLlamaConsultant

Taxation for foreign income in India

I earn in USD every month (around 1.6L) and I am an Indian resident. I am working as a contractor for my company on a full time basis. And hence, I have figure out on my own how do I pay taxes. Can anyone guide me on how to regularly pay...