Billing for Payouts

Fees and taxes are applicable to payouts made through RazorpayX Lite as well as Current Account. However, the billing cycle and structure varies.

• Payouts from RazorpayX Lite

  .

• Payouts from Current Account

  .

Payouts from RazorpayX Lite

When you make a payout using

Example

For a payout of ₹10,000, the fees applicable is ₹5 and the tax on this is ₹0.90.

When you make a payout ₹10,000 from RazorpayX Lite:

• ₹10,005.90 (₹10,000+ ₹5 + ₹0.90) is deducted from RazorpayX Lite balance.
• ₹10,000 is credited to your contact.
• ₹5 (fees) is credited to Razorpay.
• ₹0.90 (tax) collected by the government.

In case of a

Payouts from Current Account

When you make a payout from your

For example:

• Transactions carried out from 1st to 3rd of a month, fees is deducted on the 4th.
• Transactions carried out from 4th to 6th of a month, fees is deducted on the 7th.
• For transactions carried out from 28th to 30th/31st, fees is deducted on the 1st of the following month.

The invoice for Payout Fees deduction is generated on the 1st of every month. You can download the same from the RazorpayX Dashboard under My Accounts & Settings → Billing. Scroll down to the Monthly Invoice section and click Download Invoice & Report for the required month.

Billing Reports

There are 2 reports about your account's billing process you can download from the Dashboard:

• Invoice Reconciliation Report

  .

• Monthly Tax Invoice Report

  .

Invoice Reconciliation and Fee Recovery Report

The Invoice Reconciliation report contains details of fees and tax for payouts made using both RazorpayX Lite and Current Accounts.

Watch this video to know how you can download the Invoice Reconciliation and Fee Recovery Report.

To download the Invoice Reconciliation report:

1. Log in to your

   RazorpayX Dashboard

   .
2. Navigate to My Account & Settings → Billing.
3. In the Monthly Invoice section, click REPORT against a particular month in the EXPORT column.
4. Select the Include charged and pending fee details check box if required.

Apart from the various fields in the report containing details of each transaction, the following are two important fields:

• fee_id
  • RazorpayX Lite: auto_paid, because the fees and tax is collected as part of the payout.
  • Current account: This column contains a unique identifier associated with the fee and tax collected. This is because, for current accounts, fees and tax are collected on a regular frequency and not on a per payout basis. Multiple payouts can have the same fee_id.
• fee_created_at
  • RazorpayX Lite: This column will be blank because the fees and tax is collected as part of the payout.
  • Current account: The date and time when the fee and tax collection was initiated by RazorpayX.
• fee_type
  • free_payout: Indicates a Free Payout was used to process the payout. In such scenarios, you are not charged any fees and tax. Only the payout amount is deducted from your account balance.

Monthly Tax Invoice Report

This is a consolidated statement of all fees and taxes deducted from RazorpayX Lite and your current account.

To download the Monthly Tax Invoice:

1. Log in to your

   RazorpayX Dashboard

   .
2. Navigate to My Account & Settings → Billing.
3. In the Monthly Invoice section, click INVOICE against a particular month in the EXPORT column.

Related Information

• Approval Workflow

• Chartered Accountant Portal