Earning in Dollars

Getting paid through Deel. 2.5% approx loss

I have worked with a couple of European companies in the past. I signed a consulting contract with them which allowed me to get GST exemption (export of certain services, including management consulting are exempt). I was able to claim 50% expenses and paid the taxes on the remaining 50% as per the regular slab. As for the receipt of payment, I simply got it wire transferred to a current account. I had negotiated a good forex rate with the bank so the loss due to conversion was negligible (less than 0.5%)

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No

I work for a Germany based startup. Paid through wire transfer. No loss / deduction.