Freelance platform payouts
Sample: Zoya, 26, illustrator in Kolkata, paid through an overseas freelance platform.
Report ₹10.8 lakh gross, not ₹9.7 lakh payout
Gross billed, platform fee, payout, and rupees in the bank. What goes in the ITR.
| Month | Billed | Fee | Payout | Rate | Rupees |
|---|---|---|---|---|---|
| Apr | $1,800 | $180 | $1,620 | 85.5 | ₹1,38,510 |
| May | $2,200 | $220 | $1,980 | 85.6 | ₹1,69,488 |
| Jun | $1,500 | $150 | $1,350 | 85.8 | ₹1,15,830 |
| Jul | $2,600 | $260 | $2,340 | 86.4 | ₹2,02,176 |
| Aug | $2,000 | $200 | $1,800 | 87.1 | ₹1,56,780 |
| Sep | $2,400 | $240 | $2,160 | 87.6 | ₹1,89,216 |
| Total | $12,500 | $1,250 | $11,250 | ₹9,72,000 |
What goes in the ITR
- Receipts in the ITR₹10,80,000, the gross billed
- Platform fee₹1,08,000, a cost; under a presumptive scheme it is already covered
- GSTExport of services: zero rated under LUT once registered