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KazamTools

Freelancer Take-Home Calculator

See every deduction between what your client pays and what lands in your local bank account.

By , Founder and editor-in-chiefLast reviewed

What do you want to work out?

Where the client pays you

$
%
$

Starting value from Wise on 22 October 2026. Update it to today’s rate.

%

Upwork says its partner’s exchange rate “may include a markup” but does not publish it. Enter an estimate, or compare the rate you got with the mid-market rate.

PKR
Enter the exchange rate to see the amount in your currency.

Pakistan: tax on IT export remittances

  • Banks deduct tax when foreign exchange for exported IT or IT-enabled services is realised (Income Tax Ordinance s.154A).
  • The rate is 0.25% of proceeds for exporters registered with the Pakistan Software Export Board (PSEB), for tax years 2024 to 2029, and 1% in other cases.
  • It is a final tax only if you file your income tax return and withholding statements and claim no foreign tax credit. You can opt out of final taxation each year in your return.

General information, not tax advice. Sources: FBR: Income Tax Ordinance 2001 (amended to 30 June 2026).

Fees checked on 22 October 2026 against Upwork: Freelancer Service Fee, Upwork: How to get paid (withdrawal methods and fees), Fiverr: Withdrawing your earnings, Payoneer pricing (last updated 1 January 2026), Wise: receiving fees and Wise: who can get USD account details. Exchange-rate spreads are estimates where the provider does not publish one. Your provider shows the exact rate before you confirm a withdrawal.

How to use the Freelancer Take-Home Calculator

  1. 1Choose your country and where the client pays you: Upwork, Fiverr or directly.
  2. 2Pick how the money reaches you, for example via Payoneer or direct to your bank.
  3. 3Enter the amount and check the fee, exchange rate and spread (update the rate to today’s).
  4. 4In Pakistan, choose the tax your bank deducts on IT export proceeds.
  5. 5Read what reaches your bank and every deduction, or switch modes to find what to charge.

Where your dollars go

When a client pays you $1,000, several companies take a share before the money reaches your bank in rupees, pesos, taka or naira. Each step looks small on its own. Together they often add up to 12–25% of the payment.

Take-home = ((Payment − Platform fee − Withdrawal fee − Receiving fee) × Mid-market rate × (1 − FX spread) − Bank fee) × (1 − Withholding tax)

The calculator shows each step separately:

  1. Platform fee. Upwork charges 0–15% per contract (10% is common). Fiverr keeps 20%. Direct clients have no platform fee.
  2. Withdrawal fee. A flat fee per transfer, for example $0.99 for Upwork’s direct-to-local-bank, or $3 for Fiverr to Payoneer.
  3. Receiving fee. Payoneer charges 1% (minimum $1) when a direct client pays into your USD account details. Marketplace payments into Payoneer have no fixed fee.
  4. Currency conversion. This is the hidden one. Providers convert at a worse rate than the mid-market rate, the real rate you see on Google or Reuters. Payoneer’s pricing page says 1.2%–4%. Wise shows its fee up front, about 0.4–0.7% for these currencies on 22 October 2026.
  5. Bank fee. Some banks charge for incoming foreign payments.
  6. Tax withheld. In Pakistan, banks deduct tax on IT export proceeds before the money reaches you.

Worked example: Fiverr to Pakistan via Payoneer

A Lahore-based designer earns $1,000 in Fiverr orders, withdraws to Payoneer and then to a local bank. The mid-market rate is 280 PKR per dollar, and the designer is PSEB-registered.

Step Working Amount
Client pays $1,000.00
Fiverr commission 20% −$200.00
Payoneer withdrawal flat −$3.00
Dollars converted $797 × 280 Rs 223,160
FX spread (estimate) 2% −Rs 4,463
Tax withheld (PSEB) 0.25% −Rs 547
Reaches the bank Rs 218,150

That is about 22% less than the Rs 280,000 the $1,000 is worth at the mid-market rate. The Fiverr commission is the biggest bite. The FX spread costs more than the withdrawal fee.

Worked example: what to charge

A developer in the Philippines wants ₱100,000 in the bank from a direct US client paying into Payoneer. At 63.38 PHP per dollar, with Payoneer’s 1% receiving fee and a 2% conversion spread, the developer needs to invoice about $1,627. Switch the calculator to What to charge in USD and enter your own target.

Local tax notes (checked 22 October 2026)

  • Pakistan: banks deduct 0.25% of IT and IT-enabled export proceeds for exporters registered with the Pakistan Software Export Board (PSEB), and 1% for others. Under section 154A of the Income Tax Ordinance, it can be a final tax if you file your return. The 0.25% rate now runs to tax year 2029.
  • India: freelance income is taxed at slab rates. Under the default new regime, income up to ₹12 lakh is effectively tax-free after the section 87A rebate. Section 44ADA presumptive taxation (50% of receipts treated as profit, up to ₹75 lakh) can simplify things. Exports of services are zero-rated for GST under a Letter of Undertaking.
  • Philippines: if your receipts are ₱3 million or less, you can choose 8% on receipts above ₱250,000, instead of graduated rates and percentage tax.
  • Bangladesh: IT freelancing income is exempt until 30 June 2027 under the Income Tax Act 2023, as long as all business money moves through banks. A 2026 change may widen this; we could not confirm it from the official text.
  • Nigeria: from 2026 the Nigeria Tax Act taxes residents on worldwide income. The first ₦800,000 a year is at 0%, with bands rising from 15% to 25%.

These notes are general information, not tax advice. Rules change every budget, so check with your tax authority or an adviser.

Ways to keep more

  • Compare routes. Switch between routes in the calculator. A 1% difference in FX spread on $2,000 a month is $240 a year.
  • Withdraw less often, in bigger amounts. Flat fees shrink as a share of larger transfers.
  • Raise your rate to cover the chain. Use reverse mode to find the dollar price that leaves you the local amount you need.
  • Check platform fees first with the Upwork fee calculator or Fiverr fee calculator. For direct clients, bill with the invoice generator. Pakistani salaried income is covered by the Pakistan salary tax calculator.
Cite this calculator

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APA
KazamTools. (2026, October 22). Freelancer Take-Home calculator. Retrieved October 30, 2026, from https://kazamtools.com/business/freelancer-take-home-calculator/
MLA
"Freelancer Take-Home Calculator." KazamTools, 22 Oct. 2026, https://kazamtools.com/business/freelancer-take-home-calculator/. Accessed 30 Oct. 2026.
Chicago
KazamTools. "Freelancer Take-Home Calculator." Last modified October 22, 2026. Accessed October 30, 2026. https://kazamtools.com/business/freelancer-take-home-calculator/.
Plain link
Freelancer Take-Home Calculator (KazamTools): https://kazamtools.com/business/freelancer-take-home-calculator/
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<a href="https://kazamtools.com/business/freelancer-take-home-calculator/">Freelancer take home calculator</a> by KazamTools

Frequently asked questions

How much do I lose withdrawing from Upwork to a bank in Pakistan?

With a 10% Upwork fee, the $0.99 local-bank withdrawal fee and an exchange-rate markup of 1–3% (Upwork does not publish it), a $1,000 payment loses about 11–13% before tax. Pakistani banks also deduct 0.25% (PSEB-registered) or 1% tax on IT export proceeds.

What does Payoneer charge to withdraw to a local bank?

Payoneer’s pricing page lists 1.2% to 4% for withdrawals that involve a currency conversion. Its marketing pages say up to 2% above the mid-market rate, which we use as the default. Your account shows your exact rate.

Can freelancers in Pakistan, Bangladesh or Nigeria use Wise?

Wise does not give USD account details to addresses in Pakistan, Bangladesh or Nigeria, so you cannot receive dollars into Wise there. Wise can send to bank accounts in PKR, BDT and NGN, but says it currently cannot send business payments to PKR.

Is freelance income tax-free in Bangladesh?

Income from IT freelancing and listed IT-enabled services is exempt from 1 July 2024 to 30 June 2027 under the Income Tax Act 2023, if all business transactions go through banks.

Do Nigerian freelancers pay tax on foreign income?

Yes. Under the Nigeria Tax Act 2025, from 1 January 2026 residents are taxed on worldwide income, with the first ₦800,000 a year at 0% and higher bands from 15% to 25%.

What is the mid-market exchange rate?

The midpoint between the buy and sell rates on global currency markets. Banks and payment apps usually convert at a worse rate. The gap is their spread, a hidden fee this calculator shows separately.

Guides

How we keep this tool accurate

Written and checked by
Awais, founder and editor-in-chief
Last reviewed

Results are estimates for general information only and are not financial, tax or legal advice. Rules and rates change; check official sources or a qualified professional before you act. See how we build and check our calculators.

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