Taxes That You have to Pay on Foreign Exchange Transactions in India

Just like any commodities and services, taxes are also applied on the foreign money conversion process in India. In other words, if you want to convert Indian currency into foreign currency or you want to convert foreign currency into Indian currency, you have to pay certain taxes to the money conversion dealer. Every authorized currency converter dealer in India, as approved by the Reserve Bank of India, will apply taxes on foreign money exchange process. Previous tax rules have been amended in India after introduction of GST (Goods and Services Tax) in the year of 2017. As per the GST rules, 18% tax will be levied by the government on foreign money conversion. However, the notable thing is that not all transactions are taxable. There are a few slabs for taxing and the details are discussed below.

Tax on Forex

Slab 1: Up to 1 Lakh

Up to one lakh amount, only 1% of the currency amount has been regarded as taxable and the minimum taxable value is INR 250. So, with this statement, you can understand that if you want to convert INR 20000, you do not have to pay any taxes. The reason behind this is that 1% of the 20,000 amount is equal to INR 200. Currency conversion will be taxable only when you have minimum amount of INR 25000 to convert.

1% of 25000 = INR 250

Now, 18% GST will be applied on this amount.

18% of INR 250 = INR 45

So, for converting INR 25000 amount into foreign currency, you have to pay INR 45 addition charge as GST. GST is not applicable on the commission fee of the currency converter dealer.

Slab 2: INR 1 Lakh to INR 10 Lakh

In this slab, the taxable value is equal to 1000+0.5% of the amount. For example, you want to convert INR 5 lakh into foreign currency. So, the GST on your conversion will be decided in the following method.

Taxable Amount = 1000 + 2000 (0.5% of the (5-1) lakh) = INR 3000

So, INR 3000 is the amount on which GST will be applied. After adding GST, you shall get the following figure:

18% of GST on INR 3000 = INR 540

Trusted Currency Dealer

For currency exchange or transfer money abroad, you need to find trusted currency conversion dealer. For that reason, you can choose CurrencyKart. This is online based currency exchange service which is trusted as it has been approved by the RBI.

Choose The Best Foreign Exchange Company For Last Moment Services

Do you stay in Dwarka and now looking for the best online exchange rate for currency conversion? Are you planning to shift to Europe for a month and hence, need immediate currency exchange service? Today, getting the best rates for selling and buying Forex in Dwarka has become easier than ever. In fact, this is simply a two-step booking process. Just visit a reliable website and place the currency deal according to the price prevailing in the market. Now, the question is when you are already stressed out with the packing and other factors related to your travel, how will you able to search online to come across the best currency exchange service provider. It is just like looking for a needle in the bundle of hay.

How Can You Come Across The Best Foreign Exchange Company?

You must have heard about the name of CurrencyKart, which is standing at the apex of the exchange service provider list. They are a reliable and eminent company that can provide you with the last minute services. There are hundreds of things that you need to keep track of when you are looking for foreign exchange services. But all these are definitely not possible at the end moment when you have just a day to board the flight. With CurrencyKart you can expect a hassle-free experience. Just call them up and explain your needs, they will take care of the rest.

Foreign Exchange in Dwarka

Doorstep Delivery Service at No Extra Charges

Of course, when you are in such a hurry I guess you would not like to go to the bank and stand in the queue to get your currency exchanged into Euros. This is where the doorstep delivery service comes to help. Though there are many private currency exchange providers who do not offer doorstep delivery service or charge a high rate for the same. But CurrencyKart is one such company that understands the requirements of their clients. They ensure pickup and delivery service 24 hours for the benefits of their clients.

Benefits of the Live Rate Chart

The ‘live rate chart’ is something you should take care of when hiring a currency exchange service provider because most of them avoid displaying this chart to charge sky-high rates from the customers. The chart rates keep on changing according to the market conditions. This chart can help you to understand the rate that is prevailing and hence, saves you from the clutches of greedy and unscrupulous currency exchange service providers. With the help of this chart, you can even lock a rate for 2 to 3 days to make all the transactions at the same. No extra charges are required for this chart and you can even demand this from a service provider if he is not displaying the rates openly.

Visit CurrencyKart to get your currency exchanged in just a few hours at the best possible exchange rates.

What Are The Features Of Online Currency Exchange Service?

What Did You Need To Know About It?

With the Forex Services now available at the snap of your index finger, there is no need of worrying about your currency exchange requirements. There is no need for you to visit the bank or currency exchange office; you just need to place the order online with a click on the mouse. The best part is that there is no need for you to even waste time picking up the delivery. You will get the delivery at your doorstep.

Instant Delivery Service

Everything can be done within just a few hours. Unlike before, there is no need for you to wait for days. You can easily get it whenever you need. Just place your order and the service provider will contact you. Though the delivery period varies from one service provider to another, you can check out the terms and conditions before placing the order. Also, most of the providers do not charge anything for doorstep delivery, but some of them provide free delivery service only when you exchange a specific amount.

Flexible Payment Mode

You can buy foreign currencies online and pay using net banking, debit card, credit card, RTGS and NEFT etc. The payment method is completely flexible and you can make the purchase anytime you want. You can check out the payment criteria before proceeding with the checkout option to avoid any kind of hassle.

Foreign Exchange Services

Selling Foreign Currencies

If you are returning from your Europe trip and left with some extra Euros, what will you do with them? Certainly, you will want to exchange into the local currency of your city. In that case, you just need to login to the website of a specific service provider and explain the selling details. Rest, you can sell the currencies according to the rate prevailing in the market. Also, you can give specific orders to the service provider so that they can sell the currencies when your desired exchange rate is reached.

CurrencyKart is an online foreign exchange platform where you can buy and sell currency according to the prevailing market rates. They ensure transparency in every transaction along with multiple benefits, which you cannot expect to get from other such service providers. They have a team of specialist who can assist you in everything related to foreign currency – starting from buying and selling currencies, placing the order for travel card to transferring money to other parties across the globe.

Selected A Reputed Currency Dealer

It is advisable that you should only deal with an eminent company that has a good market reputation. When you are making the deals online as well as over the phone, transparency is something which cannot be overlooked. Working with one such company that has high market reputation will definitely ensure that your money is in safe hands. It also reduces the chances of risks and fraud. So, avoid getting into the traps of lucrative discounts and offers on money exchange. The emergence of fraudulent companies in the market has made it difficult for people to trust blindfolded. Even before you settle down with a specific company, make sure that you thoroughly research about them to avoid getting into troubles later on.

Currency Dealer

With CurrencyKart, you can ensure secure safe and reliable deals all the time. At the same time, you can also expect turnaround customer care support. They are just a phone call away from you. Contact them from your holiday destination in case of emergencies through phone, chat, video chat, and email. They will be glad to assist you anytime you need!

Get Currency Exchange Service In A Few Hours At Your Doorstep!

Today, there is no need for you to visit the bank or standing in the queue in a currency exchange office. Just visit an online website and you can easily get your required currency at your doorstep.

Why Online Currency Exchange Service?

There are multiple benefits of availing the online foreign exchange service. Below, we are going to list down the benefits you can enjoy:

• Hassle-free and quick service
• No paperwork
• Doorstep delivery and pickup
• Saves time and money
• Chances of cracking the best deals

Last moment currency exchange – No extra charges – Doorstep delivery

If you are planning for a trip to your favorite foreign destination, then immediately get in touch with the currency exchange providers. You can get the lowest possible exchange rates if you conduct a little bit of research work. Last moment services are also available. For instance, if you are planning to leave tomorrow, then you can even get your currency exchanged today within the next few hours. There is no need for you to wait for long because there are ample foreign exchange dealers in Delhi. You can maximum save up to 6.5 per cent with the right service provider in preference to Forex companies and banks. The currency rate gets updated every hour. So, if you get the lowest bid this hour, then go for it without delay. Who knows the rate in the next hour? Freeze the rate to conduct the next few transactions at the same. The policies depend from one service provider to another. But you are certainly going to get the best possible deals with CurrencyKart. They have no hidden charges and ensure complete transparency in all the transactions.

Currency Exchange Services

Get Your Currency Exchanged Anytime Anywhere

When it comes to selecting the foreign currency exchange providers for getting your currency exchanged, it is essential that you choose one such company that has a huge network across various countries. This will help you to get the services whenever required without any delay. Direct doorstep delivery is also available, which means once your place the money transfer order, the other party will receive it at the doorstep. There is no need for you to visit the office in person to transfer money or exchange currencies. You can just click the button of your mouse and everything will be made available to you according to your convenience.

Online Documentation

There is no need for you to go outside and get the photocopies of the original documents. You can just scan the original documents and upload them online. At the time of currency collection, you just need to produce the original documents to the delivery executive. You can use the payment methods like net banking, debit or credit payment as well as NEFT and RTGS to buy foreign currencies online. Offline payment is also available via cheque.

Forex cards available easily and can be reloaded anytime whenever you need urgent money. This card can be loaded with the local currency of the destination you are visiting. Sterling prepaid cards can help you to get currencies in the denomination you need. The charges will be deducted according to the setup rate as per prevailing in the market. In case of selling currencies, you just need to visit the website of the company you prefer to deal with. Rest can be taken care of by them. Follow the instructions and your selling criteria will be visible to buyers on their screen. At CurrencyKart, you can get assistance from professionals for selling and buying currencies.

How Can You Get The Best Possible Foreign Exchange Deals?

The currency exchange service has now become quite popular owing to the number of benefits it has to offer the individuals. The currency exchange service is easily available with financial exchange institutions and banks. But it is suggested that you go with the former option as they will provide you with ample options to choose from. The rates for the exchange service are also lower in comparison to what is charged by the banks. Doorstep delivery along with pick up services is provided to customers, even during emergency requirements.

How Can You Exchange Your Currency?

If you are worried about how to execute the entire process, let me tell you that in today’s world everything can be done online as well as over the phone. The ‘live rate chart’ is easily available and you can keep a note of the changing exchange rates on a daily basis to get the best possible deals. Just call the company with whom you want to make the deal and explain the amount you want to exchange. This will help you to save a lot of time. They will execute the exchange service and make the delivery at your doorstep. With CurrencyKart you can enjoy Money Transfer and currency exchange whenever you need. Travel cards are also available that allow you to get the money exactly in the currency unit you want. They charge a very competitive fee for the currency exchange service. In comparison to banks, they can get your work done within just a few hours.

Foreign Exchange Services

Are You Wondering How To Trust A Service Provider?

It is really true that fake currency service providers cheat customers in several ways. If you search online, multiple options will appear on your computer screen. You can shortlist a few of them on the basis of the reviews and comments of the clients who have already worked with them. Moreover, RBI authorized currency exchangers can provide you with genuine and transparent services. They can get the best rates for you in the market as per the RBI guidelines. Unscrupulous currency exchange providers always try to lure customers by offering lucrative discounts and offers. It is always better that you deal with companies that have a good market reputation. Avoid local companies because it increases the risk of fraudulence. You should research the history of a company before dealing with them. If you come across lucrative exchange deals from a company that does not hold an RBI authorized to license, make sure to skip off and check out for the next best possible option.

With CurrencyKart you can get the best possible deals. Being RBI authorized, you can completely rely on them. They ensure transparency in the transactions and do not have any hidden charges.

How Can You Get Currency Exchange Service at A Lower Rate?

Are you planning to visit a foreign country? Are you worried about how to exchange your currency? Do you fear the sky-high currency exchange rates? Well, with so many foreign currency exchange providers and banks you can easily get the lowest possible exchange rates. You can even compare the buy and sell foreign exchange rates before finally deciding to settle down with a specific service provider.

Door Step Delivery

You can now buy foreign currency online and it will be delivered at your doorstep without any extra cost. The best part is that you can even upload the documents online and there is no need for you to visit the store physically to submit them in papers. You can even hand over the copy of the documents to the delivery boy. When you buy the foreign currencies you can get it in the form of cash or transfer directly to the preferable bank account.

Foreign Currency Exchange

You can choose CurrencyKart for your Forex exchange because they can provide you with an ample range of options, which you cannot get with any other providers in your locality. They have various payment modes, which will help you in making your payment without any hassle. The doors step delivery option will enable you to get your currency delivered at your address without the need of leaving your comfort zone.

Low Rate/ Zero Margin

You can check out the number of Online Foreign Exchange Services at a very low rate or negligible amount. Online Forex exchange is one of the safest ways of buying and selling foreign currencies. Exchange foreign currency at zero margin exchange rates with your visa powered Forex cards, which can be used all across the world for your online transactions at merchant outlets and ATMs without the need of paying an additional fee.

Buy Foreign Currency Online

Rate Lock Facility

The ‘Rate Lock’ option is one of the best facilities that can help you to decide the price at which you want to buy or sell your foreign currencies. This enables you to lock a specific rate for two to three days and conduct your buy and sell for the same. The alert notification service is also available where you will be notified about the rate which you want. Not all service providers will nourish you with the aforementioned option. So, make sure that you take care of this factor while choosing a specific provider.

If you want to buy USD in India, first of all, shortlist foreign exchange providers and banks offering this facility. Then, conduct your research work to settle down with the best option. There are a number of factors that you need to take care of while selecting the best option for yourself. It includes the exchange rate, travel card facilities, extra benefits etc.

What are the Benefits you can enjoy with Money Exchange Services?

When it comes to money exchange services, then there are hundreds of options that you can come across. Today, online money exchange has become more popular as compared to the old methods of exchange. With the online facility you can now exchange your foreign currencies easily at any time you want. If you are planning to leave for USA day after tomorrow, then you can immediately visit an online website and set up for money exchange or currency exchange within tomorrow or today itself. This service is offered by banks and financial institutions for the convenience of the customers. There is no extra charge for availing this kind of immediate Foreign Exchange in Gurgaon.

Foreign Exchange in Gurgaon

How can you exchange the cash you save on your foreign tour?

Sometimes it so happens that we save some extra currencies after coming back from a holiday. In that case what shall you do? How will you use the money that you have? Well, the only option you have is exchanging them. With the online facility that I have already mentioned above, you can simply visit an online website and set up for currency exchange or sell foreign currency service. The best part is that you can opt for the home delivery option, which is available at free of cost. But there are some financial institutions that charge certain amount if the exchange amount is below their specified limit. There are hundreds of online financial institutions offering Money Exchange in Noida, you just need to have patience to browse through each of them to come up with the best possible option.If you have to travel regularly, then I assume that you need to opt for the money exchange service frequently. Using the online facility is the most suitable option in this case.

Foreign Exchange Services

Currencykart is known for being a popular online foreign exchange platform where you can buy, sale as well as transfer money to any part of the world for a very nominal amount. They do not charge excessive commission or percentage for the exchange service and you can even say that the exchange rate is zero for some specific deals. They offer free home delivery service along with hundreds of facilities for the customers. I have already dealt with Currencykart, and hence recommended to everyone who needs foreign exchange service time and again.

Everything That You Need To Know About Money Exchange

Getting a foreign exchange in your journey to some nomadic place can give you a hard time. You need to be prepared for that thing, and in order to get started with so many other things, there are many exchanges and many other shops that can help you to get the exchange for a particular price. If you are doing this for the first time then here is all that you need to know.

In this guide, we will help you to get the Currency Exchange in Faridabad at best prices. However, all you need to do is to get started with the tips that are mentioned in the section below. Keep all that in your mind and it will turn out to be really beneficial for you all. Let us get to the guide and make sure that you go through all the things as mentioned in the section below.

Currency Exchange in Faridabad

What to avoid while getting a foreign exchange?

Here are a list of things that every traveller end up doing and thinking that they are smart then maybe you are getting wrong. If you are in a newbie to a new place then there are high chances that you will get up looted and lose many of your money as the tax and other high exchange rates. You shouldn’t get to these places as mentioned in the section –

1) Airports

Welcome to the bazaar that will loot the hell out of you. Trust me they take full advantages of being in the most prominent places, and with the sky-high prices for the money exchange, one should never get to them until you are in need of that. This is the only way they get the advantage of your time and in such a case when you are in a hurry for the ticket at the counter then this can give you some really high prices for the exchange.

2) Local Markets

So, now you think you played smart? Hah, well no, you didn’t and there are a lot of things that you need to know beforehand. If you are in a local market for Money Exchange in Ghaziabad or even in any place, then there are high chances of you getting fraud. Do you think that these small shops will ever help you to shop for a lesser price? Get a life and try out some realistic and some logical thing for that.

3) Banks

Getting to banks and you are fascinated with the services provided by them at such high rates? Well, they are just high standardized thieves and you don’t get yourself in the trap. You will never get the best price and instead with all these formalities, it is better to have your money exchange somewhere else.

Money Exchange in Ghaziabad

Where to get money exchanged?

There are so many reliable ways in which you can get the money exchanged easily. You can use many applications for transactions, and they will give you the best price with some amazing offers online. Get your hands on one of them, and you will get some amazing things done with it.

How To Get The Best Foreign Exchange Rates?

With the increasing number of deflections in the foreign currencies and its rates, it has become so hard to get the best rates for the exchange for your money. There are many foreign exchanges that you can come across, and CurrencyKart is the only platform where you will find all the necessary things that you have been looking for.

Here at CurrencyKart, we will provide you the best rates as compared to others in the market, and there is nothing to be worried about anything while making exchanges with us. Here are some things that you need to look for in a money exchange before you make one.

Best Foreign Exchange Rates

1) Check out the Rates

When you are out there looking for money exchanges and all such things, then you need not look for the rates as per the quantity. Check out the total price so that it can help you to get a wider view of the scenario. It is all that can help you, and if you are working without CurrencyKart services, then you can find Money Changer in Greater Noida easily with it. All you need to look after are the terms and conditions for the rates for the exchange. These can be –

• Commission – The one with the commissions will charge you as per your money. They don’t have any fixed rate, and you need to pay as per their terms. Well, the best thing about CurrencyKart is that you will never be charged more for the online exchanges.

• Card Fees – The same thing is with cards, and if you are paying the money with the help of your cards and be it any credit or a debit card, you can get all of them with some of these things.

• Delivery Fees – With CurrencyKart, you will never get to pay more money for the delivery, and you can compare our prices with almost everything out there.

2) Do Proper Research

Well, you need to do that for almost everything that you need. If you are looking for anything in the market and especially Money Exchange in Noida, then you need to look after all the factors and aspects that you need to cover within it. Here are some things that you need to know about and they will surely help you with the research –

• Internet – The Internet is the king, and there are so many things that you can get to see on the internet today. With a single search button, you can come across thousands of results within seconds, and with all those things, you can surely get better rates.

• Check out the Reviews – Well, the reviews will tell you all about the exchange, and it is really great to have a thing on today’s web pages. You can even use the internet for that, and you can even reach out to people for that.

All these things will surely help you a lot, and you will see how fast you will get some better views over the scenario.

Making Currency Exchange Simple in Delhi

Foreign currency exchange tends to become a major concern in Delhi, each time a foreign trip comes into picture. Apart from the hassles of arranging a valid air ticket, visa acceptations, getting a valid currency exchange is also a part of the prime needs.

In order to help and make the process of Money Exchange in East Delhi or encouraging a hassle-free process of currency exchange in West Delhi is the number of professional money exchanging bodies in Delhi. Taking care of both the eastern and western side of Delhi, they tend to add a higher level of ease and comfort to the entire process of currency exchange and doorstep delivery easy and simple.

Money Exchange in East Delhi

Foreign Currency Exchange in Delhi

• There are a number of professional bodies offering revolutionary foreign currency market in Delhi and help the individuals get the money exchange in East Delhi even online.

• They take care of all the required processes and associated procedures for partnering with the bank or any other foreign exchange body and arrange the currency as per need of the client.

• Such exchange bodies are located at a number of places around both east and west Delhi in order to keep help handy for the clients living around.

• Either you are looking for a currency exchange in West Delhi or a money exchange in East Delhi, you can easily locate them for your required delegation.

• The best part about these professional bodies is that you can order your forex online and receive your forex with a doorstep delivery policy right at your home/office.

Rather than looking around for the best brokers or exchange bodies for Currency exchange in West Delhi or any other part of Delhi, all you got to do is search online and book your slab. The rates offered by them are pretty transparent and you can view the current rates while booking your forex, online. Choosing the perfect currency exchange body for you is thus, a total hassle free and problem free way to get the currency exchanged within no time.

Currency Exchange in West Delhi

This is how the process of foreign currency exchange in both East and West Delhi goes simple and easy. Even the rates tend to remain the same, irrespective of the fluctuations in the Delhi currency market fluctuations. With this, you get to transact and exchange currency at the most favourable rate as you have always wanted to.