Billing for Payouts

Discover how fees and taxes and credits are applicable to payouts made through RazorpayX.

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

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.

Example

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.

Free Payouts

You have a few Free Payouts available when you sign up with RazorpayX. Know more about

Billing Reports

There are 3 reports about your account's billing process you can download from the Dashboard:

• Invoice Reconciliation Report

  .

• Monthly Tax Invoice Report

• Fee Recovery Report

  .

Invoice Reconciliation 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 see how you can download the Invoice Reconciliation 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, select to download REPORT in the EXPORT column.

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.

Fee Recovery Report

The Fee Recovery report contains details of fees and tax for payouts made using your Current Account only.

To download Fee Recovery report:

1. Log in to your

   RazorpayX Dashboard

   .
2. Navigate to My Account & Settings → Billing.
3. In the Billing Plan section, select PAST FEE DEDUCTIONS.
4. Click Export and follow the on-screen instructions.

Sample - Fee Recovery Report

Following is a screenshot of the Fee Recovery report.

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.

Related Information

• Manage Teams

• Approval Workflow

• Two-Factor Authentication

• Credits and Free Payouts

• Chartered Accountant Portal