Crypto Tax Calculator

Cryptocurrency taxation in India follows specific rules introduced in the 2022 budget. All crypto gains are taxed at a flat rate of 30%, with additional TDS requirements and restrictions on loss set-offs.

Our calculator helps you track your crypto transactions, calculate tax liability, and understand the TDS implications for your cryptocurrency investments.

Crypto Tax Rules in India (2024):

• Tax Rate: 30% flat rate on all crypto gains
• TDS: 1% TDS on crypto transactions above ₹10,000
• No Set-off: Crypto losses cannot offset other income
• No Indexation: No inflation adjustment allowed
• No Exemptions: No exemption limit for crypto gains

What is Taxable:

• Selling Crypto: Gains from selling cryptocurrency
• Crypto-to-Crypto: Trading one crypto for another
• Mining Income: Cryptocurrency received from mining
• Staking Rewards: Income from staking activities
• Airdrops: Free tokens received

TDS (Tax Deducted at Source):

• Rate: 1% of transaction value
• Threshold: Applies to transactions above ₹10,000
• Deductor: Crypto exchanges deduct TDS
• Credit: TDS can be claimed as credit against tax liability

Record Keeping:

• Maintain detailed transaction records
• Track purchase price, sale price, and dates
• Keep exchange statements and receipts
• Document wallet transfers and addresses
• Save TDS certificates from exchanges

Important Restrictions:

• No Loss Set-off: Crypto losses cannot reduce other income
• No Carry Forward: Losses cannot be carried to future years
• No Deductions: Limited deductions allowed
• Flat Rate: No benefit of lower tax slabs

Features:

• Track multiple crypto transactions
• Calculate gains using FIFO method
• Compute 30% tax liability
• Calculate TDS on transactions
• Visual tax breakdown and analysis