{"id":25556,"date":"2026-01-23T22:35:00","date_gmt":"2026-01-23T17:05:00","guid":{"rendered":"https:\/\/blog.razorpay.in\/blog\/?p=25556"},"modified":"2026-03-24T14:26:25","modified_gmt":"2026-03-24T08:56:25","slug":"tax-on-inward-remittances-to-india","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/tax-on-inward-remittances-to-india\/","title":{"rendered":"Tax on Inward Remittances to India: 2026 Rules for Freelancers &#038; NRIs"},"content":{"rendered":"<p><b>Tax on inward remittances<\/b> <b>to<\/b> <b>India<\/b><span style=\"font-weight: 400;\"> often worries freelancers and NRIs, but receiving money in India is not automatically taxable. Liability depends entirely on the nature of the funds, not the transfer method. Savings transfers are tax-free, while business income is taxable.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Many confuse TCS on outward remittances with inward remittance taxation, causing unnecessary concern. This guide clarifies 2026 updates for freelancers under Section 44ADA and for individuals managing gift tax obligations.<\/span><\/p>\n<div style=\"border-left: 4px solid #0073aa; background: #f0f8ff; padding: 15px; margin: 20px 0; border-radius: 5px;\">\n<h2 style=\"color: #0073aa; font-size: 18px; margin: 0 0 8px 0; display: inline-block;\">Key Takeaways<\/h2>\n<ul style=\"display: inline-block; margin: 0 0 0 10px; padding-left: 18px; vertical-align: top;\">\n<li>Inward remittance itself is not taxable; liability depends on the nature of the funds, such as business income versus gifts.<\/li>\n<li>The 20% TCS rule applies only to outward remittances under the LRS, not to money received in India.<\/li>\n<li>Section 44ADA allows freelancers to declare only 50% of gross receipts as taxable income, up to \u20b975 lakhs.<\/li>\n<li>Gifts from non-relatives exceeding \u20b950,000 annually are taxable; gifts from relatives remain tax-free.<\/li>\n<li><a href=\"https:\/\/razorpay.com\/blog\/firc-certificate\/\">FIRC<\/a> documentation is required for claiming <a href=\"https:\/\/razorpay.com\/learn\/what-is-gst-refund\/\">GST refunds<\/a> and proving foreign source during tax audits.<\/li>\n<\/ul>\n<\/div>\n<h2><b>Is Inward Remittance Taxable in India? The Core Rule:<\/b><\/h2>\n<p><b><br \/>\n<\/b><b>Myth:<\/b><span style=\"font-weight: 400;\"> &#8220;I must pay 20% tax on money received from abroad.&#8221;<\/span><\/p>\n<p><b>Reality:<\/b><span style=\"font-weight: 400;\"> Indian tax laws assess the nature of income, not the transfer method itself. No entry or transaction tax is levied on receipt of foreign funds. The government doesn&#8217;t charge you simply for bringing money into India.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The distinction between capital receipts and revenue receipts determines your tax liability. Capital receipts (like transferring your own savings or receiving loan proceeds) remain tax-free. Revenue receipts (salary, business income, interest) attract tax based on your residential status.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The infamous 20% TCS confusion needs immediate clarification. TCS applies exclusively to outward remittances\u2014money you send abroad under the Liberalised Remittance Scheme. When receiving money in India, TCS doesn&#8217;t apply. Your tax obligation depends solely on whether the receipt qualifies as taxable income under Indian law.<\/span><\/p>\n<div style=\"border-left: 4px solid #0073aa; background: #f0f8ff; padding: 15px; margin: 20px 0; border-radius: 5px;\">\n<h2 style=\"color: #0073aa; font-size: 18px; margin: 0;\">Did You Know?<\/h2>\n<p style=\"margin-top: 10px;\"><i><span style=\"font-weight: 400;\">The Finance Act 2026 increased the TCS threshold for outward remittances to \u20b910,00,000 per financial year, with full exemption for education loan-funded remittances.<\/span><\/i><span style=\"font-size: 19px; background-color: #ffffff;\">\u00a0<\/span><\/p>\n<\/div>\n<h2><b>Tax Rules for Businesses, Freelancers, and Exporters:<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Taxability depends on the nature of income. Professional income from foreign clients is fully taxable in India, regardless of where the services are performed, though presumptive taxation schemes can reduce compliance costs. Foreign income received by resident Indians is taxed at the same rates as domestic income, with no special rates or exemptions. For example, a \u20b95,00,000 freelance project from a US client is treated the same as domestic consulting income.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Scheme<\/b><\/td>\n<td><b>Turnover Limit<\/b><\/td>\n<td><b>Cash Receipt Limit<\/b><\/td>\n<td><b>Deemed Profit Rate<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Section 44AD<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b93 Crores<\/span><\/td>\n<td><span style=\"font-weight: 400;\">No specific limit<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6% (digital) \/ 8% (cash)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Section 44ADA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b975 Lakhs<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Maximum 5% of receipts<\/span><\/td>\n<td><span style=\"font-weight: 400;\">50% of gross receipts<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><b>Income Tax &amp; Section 44ADA Benefits:<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Section 44ADA offers substantial relief to professionals, including engineers, developers, and consultants. The scheme applies when:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Your gross receipts stay under \u20b975 Lakhs annually<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cash receipts don&#8217;t exceed 5% of total receipts<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You maintain books showing receipts (not detailed expenses)<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The primary benefit: declare only 50% of gross receipts as taxable income. On \u20b930,00,000 annual receipts, you pay tax on just \u20b915,00,000. However, the 2026 clarification mandates declaring actual profit if it exceeds 50%. This prevents misuse while preserving genuine benefits.<\/span><\/p>\n<p style=\"text-align: center;\"><a style=\"background-color: #1a73e8; color: #ffffff; font-weight: 800; padding: 7px 15px; border-radius: 7px; font-size: 16px; text-decoration: none; display: inline-block; white-space: nowrap;\" href=\"https:\/\/razorpay.com\/international-payment-gateway-india\/?utm_source=blog&amp;utm_medium=referral&amp;utm_campaign=internationalpayments\">Explore Razorpay&#8217;s Global Payment Solutions<\/a><\/p>\n<h3><b>Is GST Applicable on Inward Remittance?<\/b><\/h3>\n<p><b><br \/>\n<\/b><span style=\"font-weight: 400;\">GST treatment depends on whether the transaction qualifies as an &#8216;export of services.&#8217; Export status makes your supply zero-rated\u2014no GST payable. Meeting these conditions ensures zero-rating:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\"> Supplier location: India<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Recipient location: Outside India<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Place of supply: Outside India (determined by specific rules)<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Payment receipt: Convertible foreign exchange<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Service nature: Not on the negative list<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Filing a Letter of Undertaking (LUT) lets you export without paying IGST upfront. Without LUT, you pay IGST first and claim refunds later.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">GST registration becomes mandatory when turnover exceeds \u20b920 Lakhs (\u20b910 Lakhs in special category states). Even zero-rated exports count toward this threshold. Missing registration invites penalties despite your export status.<\/span><\/p>\n<h2><b>Tax Rules for Personal Transfers and NRIs:<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Business taxation rules don&#8217;t apply to personal remittances. Family support, gifts, and maintenance transfers follow entirely different principles based on sender-receiver relationships. Understanding these distinctions prevents unexpected tax bills on money meant for personal use.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The relationship between sender and recipient becomes the primary factor. Indian tax law creates clear categories with vastly different treatments. These rules apply regardless of the sender&#8217;s location\u2014whether in Dubai or Dallas makes no difference.<\/span><\/p>\n<div style=\"border-left: 4px solid #0073aa; background: #f0f8ff; padding: 15px; margin: 20px 0; border-radius: 5px;\">\n<p style=\"color: #0073aa; font-size: 18px; margin: 0;\"><strong><span style=\"color: #0073aa;\"><span style=\"font-size: 18px;\">Pro Tip: <\/span><\/span><\/strong><span style=\"color: rgba(0,0,0,0.74); font-size: 19px; font-weight: 400;\">Document the relationship and purpose clearly in bank transfer descriptions. Generic references like &#8220;personal transfer&#8221; create ambiguity during tax scrutiny.<\/span><span style=\"font-size: 19px; background-color: #ffffff; color: rgba(0, 0, 0, 0.74);\">\u00a0<\/span><\/p>\n<\/div>\n<h3><b>Gifts from Relatives vs. Non-Relatives:<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The Income Tax Act defines &#8220;relatives&#8221; precisely: spouse, siblings, lineal ascendants\/descendants, and specific in-laws. This definition excludes cousins, friends, and distant relatives.<\/span><\/p>\n<p><b>Gifts from relatives:<\/b><span style=\"font-weight: 400;\"> Completely tax-exempt regardless of amount. Your parents can gift \u20b950,00,000 without creating any tax liability for you. Maintain relationship proof and bank statements showing the transfer source.<\/span><\/p>\n<p><b>Gifts from non-relatives:<\/b><span style=\"font-weight: 400;\"> Tax-exempt only up to \u20b950,000 per year (aggregate from all non-relatives). Crossing this threshold makes the entire amount taxable\u2014not just the excess. Receiving \u20b960,000 means paying tax on the full \u20b960,000, not just \u20b910,000.<\/span><\/p>\n<h3><b>Family Maintenance and Savings:<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Family maintenance remittances sent to parents or spouses are not taxable, as they are considered support rather than income. Banks may request purpose declarations to distinguish them from gifts. Transfers by NRIs to their own NRE accounts are capital movements and not taxable, since no new income arises. However, interest earned on NRO accounts is taxable in India. For investments, dividends and interest are taxable, while principal repayments remain tax-free, provided proper documentation is maintained.<\/span><\/p>\n<h2><b>Mandatory Compliance: FIRC and Purpose Codes<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Zero tax liability does not eliminate compliance requirements. Indian regulations and FEMA mandate proper documentation for inward remittances above prescribed thresholds. Banks report all cross-border transactions to the RBI, so your records must match bank filings. Incomplete or inconsistent documentation can trigger issues during GST refunds, tax assessments, or regulatory audits.<\/span><\/p>\n<h3><b>Why You Need an FIRC (Foreign Inward Remittance Certificate):<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">FIRC is the recognised proof of foreign exchange receipt accepted by Indian authorities, whether issued in physical or digital form. It confirms:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\"> Money arrived from foreign sources<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Conversion happened at documented rates<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Purpose aligns with regulatory categories<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Traditional banks issue physical FIRCs through manual applications, typically taking 7\u201315 days. Digital platforms generate instant e-FIRCs integrated with transactions, and both formats are equally valid for tax and GST purposes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Without an FIRC, GST refund claims are rejected, export incentive benefits are denied, and income tax authorities may question foreign-source income. The FIRC serves as essential proof to justify legitimate foreign receipts during tax scrutiny.<\/span><\/p>\n<h3><b>RBI Purpose Code:<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Every inward remittance needs to be classified under the RBI&#8217;s purpose code system. Common codes include:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\"> P0802: Professional services exports<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> P0103: Consultancy services<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> P1101: Family maintenance<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> P1302: Gifts<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Incorrect codes cause classification issues. Reporting business income as gifts can invite tax evasion charges, while treating gifts as business income may trigger unnecessary GST registration. Although banks may assist in identifying the correct codes, final verification remains your responsibility.<\/span><\/p>\n<h2><b>How to Receive Money in India: Methods Compared:<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Once documentation is in place, choosing the right <a href=\"https:\/\/razorpay.com\/international-payment-gateway-india\/\">international payment gateway<\/a> or payment channel influences costs and compliance. Traditional wire transfers and modern fintech options offer different trade-offs. The shift beyond SWIFT has increased competition, reduced costs, and improved service quality. Choosing the right channel helps maximise receipts while staying compliant.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Method<\/b><\/td>\n<td><b>Fees<\/b><\/td>\n<td><b>FIRC Speed<\/b><\/td>\n<td><b>Exchange Rate Markup<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">SWIFT Wire<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$15-30 + \u20b9500-1000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7-15 days<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.5%-3.5%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Freelance Marketplaces<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3-5% of amount<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Not always available<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Variable<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Razorpay MoneySaver<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b9200-500 flat<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Instant digital<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0% markup<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><b>Traditional Wire Transfers (SWIFT):<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">SWIFT is the standard for international bank transfers. Your foreign client sends funds through their bank, which routes the payment via correspondent banks to your Indian bank. It offers universal acceptance, high limits, and strong security. However, fixed fees make small transfers costly, with intermediary charges and exchange rate markups adding 1.5%\u20133.5%. GST applies only to bank processing fees, such as 18% on a \u20b9500 charge, not on the remitted amount.<\/span><\/p>\n<h3><b>Online Money Transfer Services:<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Services like Wise and Remitly offer user-friendly alternatives to traditional banks by aggregating transfers to secure better exchange rates than individual SWIFT payments. They provide transparent pricing, faster processing (one to three days), and mobile tracking. However, transaction limits can restrict large transfers, FIRC availability varies, and regulatory acceptance differs among Indian tax authorities.<\/span><\/p>\n<h3><b>Razorpay MoneySaver Export Account<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Purpose-built for Indian exporters and freelancers, this solution addresses specific compliance needs while reducing costs. <span data-sheets-root=\"1\">Receipt of funds in any form (wire transfer, collection, or a permitted<a class=\"in-cell-link\" href=\"https:\/\/razorpay.com\/accept-international-payments\/bank-transfers\/\" target=\"_blank\" rel=\"noopener\"> multi-currency account<\/a>). Razorpay addresses common exporter pain points through its<a class=\"in-cell-link\" href=\"https:\/\/razorpay.com\/international-payment-gateway-india\/\" target=\"_blank\" rel=\"noopener\"> international payment gateway<\/a> and platform.<\/span><br \/>\n<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The cost advantage becomes clear: receiving $10,000 through ACH costs \u20b9200-500 versus \u20b92,000+ via SWIFT. Zero forex markup preserves the full exchange value. Automated digital FIRC generation eliminates the need for manual bank visits.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Compliance features include automatic selection of the purpose code based on invoice details and integration with GST filing systems. The platform handles SOFTEX filing requirements for software exporters, removing another manual step.<\/span><\/p>\n<h2><b>How Razorpay MoneySaver Export Account Simplifies Compliance:<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Razorpay\u2019s model is designed to meet Indian regulatory requirements. By using local accounts in the US, UK, and Europe, clients pay domestically while you receive funds internationally, reducing costs without affecting compliance. Savings come from removing intermediary banks\u2014for example, UK clients use Faster Payments with no international fees. Razorpay manages conversion and Indian payouts at transparent rates. Each transaction includes an instant Digital FIRC, auto-filled purpose codes, and eliminates branch visits, follow-ups, and GST-season delays.<\/span><\/p>\n<div style=\"background: #f5faff; border-radius: 14px; padding: 30px; text-align: center; margin: 42px 0; box-shadow: 0 8px 20px rgba(26,115,232,0.08);\">\n<h2 style=\"color: #1a73e8; font-size: 24px; font-weight: bold; margin-bottom: 12px;\"><strong>Simplify International Payments with Razorpay<\/strong><\/h2>\n<p style=\"color: #444; font-size: 16px; max-width: 720px; margin: 0 auto 18px; line-height: 1.6;\"><strong>Get paid via US\/UK\/EU local transfers, save intermediaries, receive INR payouts,<br \/>\nwith Digital FIRC and auto purpose codes.<\/strong><\/p>\n<p><a style=\"display: inline-block; background: #1a73e8; color: #ffffff; padding: 14px 26px; font-size: 16px; font-weight: bold; border-radius: 10px; text-decoration: none;\" href=\"https:\/\/razorpay.com\/accept-international-payments\/bank-transfers\/?utm_source=blog&amp;amp;utm_medium=referral&amp;amp;utm_campaign=internationalpayments%22%3E%3Cem%3E%3Cstrong%3ERazorpay%E2%80%99s&quot;\">Explore Razorpay\u2019s MoneySaver Export Account<\/a><span style=\"font-size: 19px; background-color: #ffffff;\">\u00a0<\/span><\/p>\n<\/div>\n<h2><b>Conclusion<\/b><\/h2>\n<p><b>Tax on inward remittances to India<\/b><span style=\"font-weight: 400;\"> hinges on purpose, not process. Business income is subject to normal taxation regardless of its foreign origin, while genuine gifts from relatives remain tax-free. Freelancers benefit from Section 44ADA&#8217;s 50% deemed profit provision, while personal recipients must track the \u20b950,000 non-relative gift threshold.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Documentation is equally important as tax calculation. FIRCs establish foreign source legitimacy, while correct purpose codes prevent classification disputes. Choosing payment channels that automate compliance reduces administrative burden while ensuring audit readiness. Start by reviewing your current remittance documentation against requirements, then explore digital solutions that eliminate manual compliance tasks.<\/span><\/p>\n<h2><b>FAQs<\/b><\/h2>\n<h3><b>1. Is inward remittance taxable in India?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Receiving money itself is not taxed, but the source determines tax liability. Income, such as salary or business earnings, is taxable, whereas capital receipts, like savings transfers or gifts from relatives, are generally exempt.<\/span><\/p>\n<h3><b>2. Does the 20% TCS apply when receiving money from abroad?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">No, the 20% Tax Collected at Source applies only to outward remittances sent from India under the Liberalised Remittance Scheme. It does not apply to inward remittances received in India.<\/span><\/p>\n<h3><b>3. Are gifts received from relatives abroad taxable?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Gifts from defined relatives, such as a spouse, siblings, or lineal ascendants\/descendants, are fully exempt from tax regardless of the amount. Gifts from non-relatives are taxable if the aggregate value exceeds \u20b950,000 in a year.<\/span><\/p>\n<h3><b>4. Is GST applicable on export of services for freelancers?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Export of services is considered a zero-rated supply, so no GST is payable if conditions are met. Freelancers can claim this exemption without paying IGST upfront by filing a Letter of Undertaking (LUT).<\/span><\/p>\n<h3><b>5. Why is a Foreign Inward Remittance Certificate (FIRC) required?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">An FIRC serves as proof that funds were received in convertible foreign exchange. It is essential for claiming GST refunds, proving export status, and responding to Income Tax scrutiny.<\/span><\/p>\n<h3><b>6. Is transferring money to my own NRE account taxable?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">No, transferring funds to your own Non-Resident External (NRE) account is considered a capital transfer and is not taxable. However, interest earned on Non-Resident Ordinary (NRO) accounts is taxable in India.<\/span><\/p>\n<h3><b>7. What is the turnover limit for Section 44ADA benefits in 2026?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">For the financial year 2025-27,\u00a0 the gross receipt limit for professionals under Section 44ADA is \u20b975 lakhs, provided that cash receipts do not exceed 5% of total turnover.<\/span><\/p>\n<p><script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Is inward remittance taxable in India?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Receiving money itself is not taxed, but the source determines tax liability. 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It is essential for claiming GST refunds, proving export status, and responding to Income Tax scrutiny.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Is transferring money to my own NRE account taxable?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"No, transferring funds to your own Non-Resident External (NRE) account is considered a capital transfer and is not taxable. However, interest earned on Non-Resident Ordinary (NRO) accounts is taxable in India.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What is the turnover limit for Section 44ADA benefits in 2026?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"For the financial year 2025-27,  the gross receipt limit for professionals under Section 44ADA is \u20b975 lakhs, provided that cash receipts do not exceed 5% of total turnover.\"\n      }\n    }\n  ]\n}\n<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tax on inward remittances to India often worries freelancers and NRIs, but receiving money in India is not automatically taxable. Liability depends entirely on the nature of the funds, not the transfer method. Savings transfers are tax-free, while business income is taxable. Many confuse TCS on outward remittances with inward remittance taxation, causing unnecessary concern.<\/p>\n","protected":false},"author":103,"featured_media":26447,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1067],"tags":[],"class_list":{"0":"post-25556","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cross-border"},"_links":{"self":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/25556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/users\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/comments?post=25556"}],"version-history":[{"count":5,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/25556\/revisions"}],"predecessor-version":[{"id":26367,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/25556\/revisions\/26367"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media\/26447"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media?parent=25556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/categories?post=25556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/tags?post=25556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}