Discover how fees and taxes and credits are applicable to payouts made through RazorpayX.
When you make a payout using
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
When you make a payout from your
Instead, the fees and tax are collected on a regular frequency and appear as a payout in your account statement. This is an automated process and does not require any action from you.
The fees and tax on all payouts made in the 1st week of January, that is, between January 01 to January 07, is calculated and collected on January 08. The collection then appears as a payout in your account statement.
amount = (original payout amount + fees + tax). Fee and tax for reversals appear with a minus symbol. This is to indicate they are returned to you and also help with your reconciliation.
You have a few Free Payouts available when you sign up with RazorpayX. Know more about