Indian Crypto Tax Calculator

Calculate your tax liability on crypto gains. This calculator is updated with the proposed rule of no income tax up to ₹12 Lakh for FY 2025-26.

Calculate Your Crypto Tax

Taxed under 'Income from other sources' at your slab rate.

Note: Tax applies if the aggregate value of gifts exceeds ₹50,000 in a financial year.

A standard deduction of ₹50,000 is available for salaried individuals under the new tax regime.

Crypto Tax Examples

Airdrop Scenario

An individual with an annual salary of ₹10,00,000 receives an airdrop worth ₹50,000.

  • Salary Income: ₹10,00,000
  • Standard Deduction: ₹50,000
  • Taxable Salary: ₹9,50,000
  • Airdrop Value: ₹50,000
  • Total Taxable Income: ₹10,00,000
  • With a rebate up to ₹12 lakh, their total taxable income of ₹10,00,000 results in zero tax liability.

Spot Trading Scenario

An individual buys Bitcoin for ₹2,00,000 and sells it for ₹2,80,000.

  • Profit (VDA Gain): ₹80,000
  • Tax Rate: Flat 30%
  • Base Tax: ₹80,000 * 30% = ₹24,000
  • Cess (4%): ₹24,000 * 4% = ₹960
  • Total Tax Payable: ₹24,960

Futures / Leverage Scenario

A trader makes a profit of ₹70,000 from futures trading and has ₹10,000 in related business expenses. Their salary is ₹9,00,000.

  • Net Business Income: ₹70,000 - ₹10,000 = ₹60,000
  • Salary Income: ₹9,00,000
  • Total Taxable Income: ₹9,60,000
  • With the proposed rebate, their total income of ₹9,60,000 would result in zero tax liability. It is not taxed at a flat 30%.

Official Indian Crypto Tax Rules

The taxation of Virtual Digital Assets (VDAs), which includes cryptocurrencies, is governed by specific sections introduced in the Income Tax Act, 1961. Here are the key rules effective from April 1, 2022.

Section 115BBH: Tax on Income from Virtual Digital Assets

"Where the total income of an assessee includes any income from the transfer of any virtual digital asset, notwithstanding anything contained in any other provision of this Act, the income-tax payable shall be the aggregate of— (a) the amount of income-tax calculated on the income from transfer of such virtual digital asset at the rate of thirty per cent; and (b) the amount of income-tax with which the assessee would have been chargeable had the total income of the assessee been reduced by the income referred to in clause (a)."
  • Flat 30% Tax: All profits from the sale or transfer of VDAs (like spot or leverage trading) are taxed at a flat rate of 30%, plus applicable surcharge and a 4% cess. Your personal income tax slab rate does not matter for these gains.
  • No Deductions: No deduction in respect of any expenditure (other than the cost of acquisition) or allowance or set off of any loss shall be allowed to the assessee under any provision of this Act in computing the income from transfer of such asset.
  • Losses Cannot Be Offset: Losses incurred from VDA transactions cannot be set off against any other income (like salary or capital gains from shares). Furthermore, losses from one VDA cannot be set off against gains from another VDA. Losses cannot be carried forward to subsequent financial years.
  • Gifts & Airdrops: Airdrops and crypto received as gifts are taxable as 'Income from other sources' under Section 56(2)(x) of the Income Tax Act if the aggregate value exceeds ₹50,000 in a financial year. The tax is calculated based on your applicable income tax slab rates, not the flat 30%.
  • Futures / Leverage Trading: Income from trading in crypto derivatives (futures, options, leverage) is generally classified as 'Business Income' (speculative or non-speculative). It is added to your total income and taxed at your applicable slab rate. You can deduct related business expenses (trading fees, internet, etc.) and carry forward losses for up to 8 years (for non-speculative).
  • 1% TDS (Section 194S): A Tax Deducted at Source (TDS) of 1% is applicable on the payment for the transfer of a VDA if the aggregate value of transactions exceeds ₹50,000 (for specified persons like individuals/HUF) or ₹10,000 (for others) in a financial year. You can claim this TDS amount when filing your income tax return.
  • Income Tax Slabs (New Regime FY 2025-26 Proposed):
    • Up to ₹3,00,000: No tax
    • ₹3,00,001 to ₹6,00,000: 5%
    • ₹6,00,001 to ₹9,00,000: 10%
    • ₹9,00,001 to ₹12,00,000: 15%
    • ₹12,00,001 to ₹15,00,000: 20%
    • Above ₹15,00,000: 30%
  • Tax Rebate (Section 87A): Under the proposed new tax regime, if your total taxable income is up to ₹12,00,000, you are eligible for a full tax rebate, making your tax liability zero. This calculator has been updated to apply this rebate.

For the most accurate and official information, please refer to the Income Tax Department of India website.

Visit Income Tax Website