/ Contractor of Record

Engage contractors in India.
No entity. No compliance risk.

Omnivoo acts as the legal contracting entity in India. We handle agreements, TDS, invoicing, and payments — so you can work with Indian contractors from day one, fully compliant.

$29 / contractor / month — flat
0.4% FX fee, lowest in the market
1 day to onboard your first contractor
$0 setup or onboarding fees
/ 01 — What is CoR

What Contractor of Record
actually means

When you engage a contractor in India through Omnivoo, we become the legal contracting party in the agreement. The contractor works for you. We handle everything else.

That means no exposure to contractor misclassification risk, no TDS filing complexity, no FX headaches, and no need to set up a company in India just to pay someone on a project basis.

EOR

Employer of Record

For full-time employees. Omnivoo is the legal employer. Covers PF, ESIC, professional tax, gratuity, and payroll. Starting at $149 per employee per month.

See EOR →
CoR

Contractor of Record

For contractors and freelancers. Omnivoo is the legal contracting entity. Covers TDS, invoicing, agreements, and payments. Starting at $29 per contractor per month.

See CoR pricing →
Not sure?

Which do you need?

If the person works fixed hours and is deeply integrated in your team — they likely need EOR. If they work on deliverables or a defined scope — CoR is the right structure.

Talk to our team →
/ 02 — What's included

Everything from agreement
to payment, handled.

Six services that turn a complex India contractor engagement into a single monthly invoice and a clean compliance trail.

01 INCLUDED

AI-generated contractor agreement

State-specific, role-specific contract generated in minutes. Includes IP protection, confidentiality clauses, deliverable definitions, and payment terms. No standard template. No lawyer needed on your side.

02 1 DAY

KYC and onboarding

We collect PAN, bank details, and Aadhaar verification from the contractor. Onboarding is digital — no physical paperwork, no back and forth. Done in one business day.

03 194C / 194J

TDS deduction and filing

We determine the correct TDS section — 194C for work contracts, 194J for professional services — deduct the right amount, deposit to the government on time, and file Form 26Q quarterly. Form 16A issued to contractor at year end.

04 AUDIT-READY

Invoice management

Contractor submits invoice via our platform. We verify, process, and maintain an audit trail of every payment made. Fixed monthly billing cycle — no chasing invoices manually.

05 FX 0.4%

Payment disbursement

We collect funds from you and disburse to the contractor in INR. Live mid-market FX rate plus 0.4% — the lowest conversion fee in the EOR and CoR market. No hidden spread.

06 AI MONITORED

Compliance monitoring

Our AI monitors TDS rate changes, contractor classification rules, and payment compliance regulations. Your contracts and filings stay current automatically.

/ 03 — TDS for contractors

TDS is where most companies
get this wrong.

Paying a contractor in India without deducting TDS is not just a compliance gap — it creates a liability that sits on your books until it's discovered. Most companies either skip TDS entirely or apply the wrong rate.

Omnivoo determines the correct section automatically at onboarding based on the contractor's work type.

Work type
TDS section
Rate
Software development, design, content
Section 194C
1% (individual) / 2% (company)
Consulting, legal, technical advisory
Section 194J
10%
Royalties, software licensing
Section 194J (royalty)
2%
Threshold — no TDS below
₹30,000 / payment or ₹1L / year

TDS deducted is deposited by the 7th of the following month. Form 26Q is filed quarterly. Form 16A is issued annually. All of it is handled by Omnivoo — you see the status on your dashboard.

/ 04 — FX that's actually transparent

0.4% flat.
Not 3–5% buried in the rate.

Every other CoR and EOR provider in the market makes money on your FX conversion. They quote a "free" conversion and quietly take 3 to 5 percentage points between the interbank rate and what your contractor receives. On a 10-contractor team paid ₹75,000 each, that's over $300 a month you never see disappear.

Omnivoo charges 0.4% flat on the mid-market rate. That's it. You see the rate, you see the fee, you see what the contractor receives. Every time.

Contractor monthly pay
Omnivoo FX fee (0.4%)
Market avg (3.5%) — you save
₹25,000
$1.18
$10.29 → save $9.11
₹75,000
$3.53
$30.88 → save $27.35
₹1,50,000
$7.06
$61.76 → save $54.71
₹2,50,000
$11.76
$102.94 → save $91.18
/ 05 — Pricing

Simple pricing.
No setup fees. No surprises.

One flat per-contractor rate. No volume tiers, no "talk to sales" wall, no negotiations. FX is separate at 0.4% flat, no markup on the conversion.

FLAT RATE
$29
per contractor per month

Same price whether you have 1 contractor or 100. No volume tiers, no negotiations, no "talk to sales" page.

Start engaging →
Everything included
  • Contractor agreement (AI-generated)
  • KYC and onboarding
  • TDS deduction, deposit and filing
  • Invoice management
  • Payment disbursement
  • Form 26Q quarterly filing
  • Form 16A annual issuance
  • Compliance monitoring
  • Support within 8 hours
Not included in base
  • Custom contract drafting $50 to $75 one-time
  • Priority same-day payments $15 per contractor per month
  • Background verification $20 to $40 per contractor one-time
  • Dedicated account manager $35 per month

FX fee: 0.4% flat on every payment. Separate from the monthly fee. No markup on the conversion rate.

/ 06 — How it works

From zero to your first
India contractor in one day.

Three steps from intent to a signed agreement. Most engagements close same-day.

01
5 MIN

Tell us about the engagement

Share who you want to engage, what they'll be working on, which state they're in, and their monthly fee. Takes five minutes.

02
SAME DAY

We handle agreements & onboarding

Our AI generates a compliant contractor agreement. The contractor completes KYC digitally. You review and approve.

03
YOUR SCHEDULE

Payments run on your schedule

You transfer funds to Omnivoo. We deduct TDS, disburse to the contractor, maintain records, and file returns. Track everything on your dashboard.

/ 07 — CoR vs EOR

Not sure if you need
CoR or EOR?

The right structure depends on the engagement, not your preference. Here's how the two compare side by side.

Topic
Contractor of Record
Employer of Record
Best for
Freelancers, project work, defined deliverables
Full-time team members, long-term roles
Starting price
$29 / contractor / month
$149 / employee / month
PF and ESIC
Not applicable
Included
Gratuity
Not applicable
Provisioned monthly
Professional Tax
Not applicable
Handled per state
TDS
194C or 194J — included
24Q salary TDS — included
Employment contract
Contractor agreement
Employment agreement
Legal relationship
Omnivoo is contracting party
Omnivoo is legal employer
Misclassification risk
Managed by Omnivoo
Not applicable
!

Misclassifying a full-time employee as a contractor in India carries penalties under the Contract Labour Act and Income Tax Act. If your contractor works fixed hours, follows your processes, and has no other clients — they likely need EOR not CoR. Our team will tell you which is right for your situation. Talk to our team →

/ 08 — Why Omnivoo

CoR built for India.
Not copy-pasted from a global template.

Most CoR providers add India as a checkbox in their global workflow. We built ours from the TDS sections up.

194C / 194J

India-specific TDS logic

We automatically determine 194C vs 194J based on the nature of the engagement — not a single dropdown your team has to get right. Wrong section means wrong rate, wrong filing, and potential penalties.

PROTECTED

Contractor misclassification protection

We review every engagement at onboarding for misclassification risk. If the role looks more like employment than contracting, we flag it before you sign — not after a tax notice arrives.

FX 0.4%

0.4% FX — not buried in the rate

Every rupee your contractor receives is accounted for. We show you the live rate, our fee, and the exact INR amount — before and after every transfer.

AI CONTRACTS

AI contracts in minutes

No standard template that doesn't fit your use case. Our AI generates a contractor agreement specific to the role, state, deliverables, and payment structure — reviewed and executed the same day.

/ 09 — vs competitors

How Omnivoo CoR compares.

Side-by-side feature comparison across the four most-asked-about CoR providers for India contractor engagement.

Deel Remote Wisemonk Omnivoo
Price / contractor $49/mo $29/mo $19/mo $29/mo
Volume discounts Custom only Custom only Not public Not needed — flat $29
FX fee 2–3% 2–3% Not disclosed 0.4% flat
AI contract generation × × ×
India TDS logic Generic Generic Partial Full — 194C and 194J
Misclassification review × × ×
Pricing transparency Hidden add-ons Hidden add-ons Partial Fully public
/ 10 — FAQ

Common questions.

Quick answers to what teams ask before engaging their first India contractor through Omnivoo.

What is the difference between a contractor and an employee in India? +

A contractor works on defined deliverables, sets their own hours, and typically works with multiple clients. An employee works fixed hours, follows your processes, and is integrated into your team. India's labour laws draw a clear line — and misclassification carries tax and legal consequences for the engaging company.

Does Omnivoo check if my contractor should actually be an employee? +

Yes. At onboarding we review the engagement structure for misclassification risk. If the role has characteristics of employment we will tell you before anything is signed.

Which TDS section applies to my contractor? +

We determine this at onboarding based on the nature of work. Software development, design, and content creation typically fall under Section 194C at 1 to 2%. Consulting, advisory, and professional services fall under Section 194J at 10%.

What if my contractor is a company, not an individual? +

The rate changes — Section 194C becomes 2% instead of 1% for company contractors. Omnivoo handles this automatically based on the KYC submitted at onboarding.

How does the FX conversion work? +

You transfer USD to Omnivoo. We convert at the live mid-market rate plus our flat 0.4% fee and disburse INR to the contractor. Every transfer shows the rate, the fee, and the final amount. No hidden spread.

Can I engage contractors in multiple Indian states? +

Yes. There is no state restriction on contractor engagements the way there is for employment registrations. However TDS rates and compliance norms are federal — the same rules apply across all states.

Can I convert a contractor to a full-time employee later? +

Yes. We handle the full transition from CoR to EOR — new agreement, PF and ESIC enrollment, payroll setup. No need to find a new provider.

Start engaging contractors in India today.

Talk to our team. We'll walk you through the right structure for your contractors and give you a clear cost estimate within 24 hours.

Get started → Talk to our team