Deposits and payment terms · India

Country guidance is provided for reference. Check the official sources and the rules that apply to your business.

Content updated on · Quotisa

Agree on timing, deposits and changes

Record the payment method, due date, any deposit and the deliverables attached to each payment. The deposit shown by Quotisa is calculated from the total; it does not create a payment receipt or a separate deposit invoice.

Agree on cancellations and late payment conditions in advance. Check the rules that apply to the transaction and customer.

Fictional example · India

Subtotal: ₹350.00

Deposit (%) 30%: ₹105.00

Balance after deposit: ₹245.00

For a proposal of 350 currency units, a 30% deposit is 105 and the balance is 245. State the date or milestone that triggers each payment and how changes to the scope will be agreed.

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