Calculate Crypto Tax
Purchase Price:
₹0
Selling Price:
₹0
Capital Gain/Loss:
₹0
TDS @ 1%:
₹0
Tax @ 30%:
₹0
Cess @ 4%:
₹0
Total Tax Liability:
₹0
About Cryptocurrency Tax in India
From April 1, 2022, India has implemented specific tax rules for cryptocurrency and virtual digital assets (VDA).
Tax Rules (Section 115BBH):
- Flat Tax Rate: 30% on crypto gains (plus 4% cess)
- No Deductions: No deduction except cost of acquisition
- No Loss Set-off: Crypto losses cannot be set off against other income
- No Carry Forward: Losses cannot be carried forward to next year
- TDS: 1% TDS on crypto transactions above ₹10,000 (Section 194S)
What is Taxable:
- Sale of cryptocurrency
- Exchange of one crypto for another
- Gifting of cryptocurrency (receiver pays tax)
- Mining rewards and staking income
- Airdrops and forks
Important Points:
- Tax applies to all virtual digital assets (VDA)
- Includes cryptocurrencies, NFTs, and other digital tokens
- No indexation benefit available
- Transaction fees and gas fees not deductible
- Report crypto income in ITR
Example:
Purchase Price: ₹1,00,000
Selling Price: ₹1,50,000
Capital Gain: ₹50,000
Tax @ 30%: ₹15,000
Cess @ 4%: ₹600
Total Tax: ₹15,600