Billing - Fees and Taxes
Explore the fees and taxes charged for payouts in RazorpayX and download the related billing reports.
When you make a payout from your RazorpayX account, you are charged fees and taxes, which is deducted from your account balance.
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Fees: The fees that Razorpay charges you to make a payout. This is charged according to your pricing plan.
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Tax: This is the GST on the fees, as per government regulations. This is collected by the government.
Fees and taxes are applicable to payouts made through RazorpayX Lite as well as Current Account. However, the billing cycle and structure varies.
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When you make a payout using
, the fees and taxes are charged as a part of the payout in real-time.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
, the fees and tax are also reversed.When you make a payout from your
, you are charged a fee. The fees and taxes are collected once everyday and appear as a payout in your account statement. This is an automated process and does not require any action from you.The invoice for Payout Fees deduction is generated on the 1st of every month. You can download the same from the RazorpayX Dashboard under My Accounts & Settings → Billing. Scroll down to the Monthly Invoice section and click Download Invoice & Report for the required month.
Handy Tips
Ensure to maintain a sufficient balance at all times for uninterrupted transactions.
Fee and tax for reversals appear with a minus symbol. This is to indicate they are returned to you and also to help with reconciliation. Reversals are calculated as reversals, amount = (original payout amount + fees + tax)..
There are 2 reports about your account's billing process you can download from the Dashboard:
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The Invoice Reconciliation report contains details of fees and tax for payouts made using both RazorpayX Lite and Current Accounts.
Watch this video to know how you can download the Invoice Reconciliation and Fee Recovery Report.
To download the Invoice Reconciliation report:
- Log in to your .
- Navigate to My Account & Settings → Billing.
- In the Monthly Invoice section, click REPORT against a particular month in the EXPORT column.
- Select the Include charged and pending fee details check box if required.
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.
- RazorpayX Lite:
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_typefree_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.
This is a consolidated statement of all fees and taxes deducted from RazorpayX Lite and your current account.
To download the Monthly Tax Invoice:
- Log in to your .
- Navigate to My Account & Settings → Billing.
- In the Monthly Invoice section, click INVOICE against a particular month in the EXPORT column.
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