Crypto Tax Calculator - India
Estimated Tax Summary
Gross Profit:
Net Profit (after fees):
The tax you need to pay (30.00%):
Profit After Tax:
Overview
What is a Crypto Tax Calculator?
This Crypto Tax Calculator for India helps you estimate taxes on your cryptocurrency transactions. By entering details like purchase price, selling price, and fees, the tool calculates your taxable profit and the flat 30% tax applicable under Indian tax laws. It simplifies the process, ensuring you understand your tax obligations without complex calculations.
Crypto Taxes in India: Rates and Brackets
In India, cryptocurrency gains are taxed at a flat 30% rate under Section 115BBH of the Income Tax Act, effective from April 1, 2022. This applies to all profits from crypto trading, regardless of whether the assets are held short-term or long-term. Additionally, a 1% Tax Deducted at Source (TDS) may be applied on transactions above ₹50,000 (or ₹10,000 for certain taxpayers) through Indian exchanges. Unlike other income types, crypto gains do not qualify for deductions or exemptions, and losses cannot offset other income.
How to Calculate Crypto Taxes in India
To calculate your crypto taxes, start by determining your gross profit, which is the selling price minus the purchase price of your cryptocurrency. Subtract any transaction fees to get your net profit. The net profit is then taxed at a flat 30% rate. This calculator automates the process by taking your inputs and providing a clear breakdown of your gross profit, net profit, tax liability, and profit after tax, all formatted for easy reading.
How to Pay Crypto Tax in India
Paying crypto taxes in India involves reporting your cryptocurrency gains in your Income Tax Return (ITR) under the head “Income from Capital Gains” or “Income from Virtual Digital Assets” (Schedule VDA). You must file your ITR by July 31 of the assessment year, using ITR-2 or ITR-3 forms, depending on your income sources. Maintain records of all transactions, including purchase and sale dates, prices, and fees, as the Income Tax Department may request them. Taxes can be paid online via the e-filing portal or through banks. For complex cases or high-value transactions, consult a tax professional to ensure compliance with Indian tax laws.
