₿ Cryptocurrency Tax Calculator

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