Question 1

Is foreign income taxable in India?

Accepted Answer

Yes. As an Indian resident, your global income is taxable. Convert to INR at the exchange rate on date of receipt and include in your income.

Question 2

Do I need to pay GST on foreign income?

Accepted Answer

Export of services is zero-rated. You don't charge GST on payments from clients outside India. File a LUT to avoid paying and claiming refund.

Question 3

Which platform has the best rates?

Accepted Answer

Wise typically offers the best rates with lowest fees. For large amounts (>$5000), bank wire may be cheaper despite flat fees.

Foreign Income to INR Converter

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