Lumpsum vs SIP: which is better when your income is irregular?
Quick answer With irregular income, a fixed monthly SIP and a one-shot lumpsum both miss. Invest each payment as it lands: park big…
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How To Start A SIP With Irregular Income As An Indian Freelancer
Quick answer You start a SIP on irregular income by setting it at an amount you can hit even in a bad month,…
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How To Calculate Your Freelance Rate In India
Quick answer Take the income you want to keep, add your business costs and a tax-and-dry-month buffer, then divide by the hours you…
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How To Handle The Feast And Famine Cycle As An Indian Freelancer
Quick answer You smooth the cycle by paying yourself a fixed monthly amount from a buffer, not by spending each payment as it…
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Current Account vs Savings Account For Indian Freelancers
Quick answer For a solo freelancer, a savings account in your own name is legal and earns interest a current account never will….
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How To Pay Yourself A Fixed Salary As A Freelancer In India
Quick answer Paying yourself a fixed salary means sending every client payment into one account, then paying yourself a set amount on the…
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EEFC Account For Freelancers: How Holding USD Instead Of Converting Works
Quick answer An EEFC account lets you hold foreign earnings in USD instead of converting to rupees the day they land. But RBI…
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Wrong Purpose Code On An Inward Remittance: What Happens And How To Fix It
Quick answer A wrong purpose code either holds your payment for clarification or stamps the wrong tag on your e-FIRA. You fix it…
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RBI Purpose Codes For Freelancers: P0802, P0806 and P1006 Explained
Quick answer Most Indian freelancers fall under one of three RBI purpose codes. P0802 is for software and IT work, P1006 for consulting…
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Bank Charges For Inward Remittance In India: HDFC vs ICICI vs SBI vs Axis
Quick answer On the visible fee, the four banks barely differ, and that fee was never the real cost. The exchange-rate markup is…