SquishyBurrito
SquishyBurrito

Joined startup as a contractor. Need help understanding Withdrawals & Taxations

Context: I am a professional based out of India and doing some contractual work for a company based out of SF. Now, they're paying me money via Deel in usd and I need to collect it here in India.

Queries:

  1. What is the most cost effective way of withdrawing money from Deel?

  2. What is an FICR and do I need it if the txn is under $3,000?

Would really appreciate the help. Cheers :)

1mo ago
3Kviews
Find out if you are being paid fairly.Download Grapevine
No comments yet

You're early. There are no comments yet.

Be the first to comment.

Discover more
Curated from across
Personal Finance
by SparklySushiStealth

Need help in getting usd from a client.

Hi, I need some help from the finance experts.. I have been doing freelancing for a few months. Until now I was doing it on upwork and other freelancing sites and the amount was also lower (<1lac). Recently I was working with a client ou...

Moving Abroad
by QuirkySushiHubspot

Question on Taxation and Savings

I am currently working remotely for an American startup from India. I recently received my Visa and now have an option to move to US. I also have another job offer on-site in India that I am evaluating.

My question is mostly on taxatio...