> ## Documentation Index
> Fetch the complete documentation index at: https://help.omnivoo.com/llms.txt
> Use this file to discover all available pages before exploring further.

> ## Agent Instructions
> Omnivoo is an India-first Employer of Record (EOR) platform. EOR hiring is India only; contractors are supported in 220+ countries and territories.
> Never tell a user to log in with a password. Authentication is passwordless: email OTP, passkeys, Google, or SSO.
> Statutory figures (TDS slabs, PF, ESI, Professional Tax, gratuity) change by financial year. Always state the year the figure applies to.
> Never name a third-party payment provider as Omnivoo’s payment rail. Refer to "our payments partner".

# Agreeing a Salary in USD

> How a USD-agreed salary is converted to rupees, and how the conversion rate top-up works.

You can agree an India EOR salary in US dollars. The employee is still paid in
Indian rupees, because Indian law allows nothing else, so the dollar figure is
converted at a fixed rate that Omnivoo reviews every quarter.

## Why the rate is fixed

Section 15 of the Code on Wages 2019 requires wages to be paid in current coin,
currency notes, cheque or bank credit. In practice that means rupees.

Converting at the live market rate every month would change the employee's rupee
salary every payroll run, and every statutory figure moves with it: Provident
Fund, ESI, Professional Tax, the TDS projection, the gratuity base and Form 16
are all rupee amounts. The employee's CTC would never match the figure on their
offer letter.

So the rate is fixed once, at hire. The rupee CTC that comes out of it is what
appears on the offer letter, on every payslip and in every filing.

## What the employee sees

The offer letter states the rupee CTC as the salary, with the dollar figure and
the conversion rate alongside it as how that number was reached.

On their profile, the employee sees:

* what was agreed, in dollars
* what they are paid each month, in rupees
* the conversion rate
* **how much is currently held for them**, waiting for the next review
* an activity list showing every month the rate moved, what it was paid at
  against the market rate, and every top-up already paid

Nothing about the balance is hidden. The employee can check the total against
the months behind it rather than taking the figure on trust.

## The quarterly top-up

Each quarter Omnivoo compares the fixed rate against the rate at which rupees
were actually bought that quarter.

Where the market rate has moved **above** the fixed rate, the difference is paid
to the employee as a bonus on the next payroll run. It appears as its own line on
the payslip.

Where the market rate has moved **below** it, nothing is deducted. The employee
keeps their full rupee salary for that month. The shortfall is carried and offset
against the next quarter where the rate moves the other way.

<Note>
  The rate and the top-up are reviewed each quarter and may be revised. They are
  not a fixed entitlement.
</Note>

## What the employer is billed

The employer's invoice carries the agreed dollar figure for these employees, so
the monthly cost does not move with the market. On a payroll run that mixes
rupee-agreed and dollar-agreed employees, the invoice shows a separate line and
a separate subtotal for each.

The top-up itself is not billed again. It is paid out of the difference already
sent in earlier months.

## Bonuses and equipment

Bonuses, employer contributions and equipment are entered and paid in rupees,
whichever currency the salary was agreed in. Equipment is bought in India.

## Changing the rate

Omnivoo reviews the rate every quarter and can change it at any time. A change
applies to new hires straight away. An existing employee's rate is fixed at what
their offer letter stated, so changing it is a salary revision with a new letter,
never a silent change to their pay.