Free to use
30% Flat Tax + 4% Cess
Multiple transactions
Our crypto tax calculator helps you determine your tax liability on virtual digital assets as per Section 115BBH of the Income Tax Act. Get accurate tax calculations for all your cryptocurrency transactions.
Calculate your tax liability on virtual digital assets as per Income Tax Act, 1961
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Note: Not deductible for tax purposes
As per the Finance Act 2022, cryptocurrency and other virtual digital assets (VDAs) are subject to specific tax rules in India:
1
30% Flat Tax Rate
Income from transfer of VDAs is taxed at a flat rate of 30% plus applicable cess of 4%.
2
No Deductions
No deduction other than the cost of acquisition is allowed. Transaction fees, other expenses cannot be offset.
3
No Loss Offset
Losses from crypto assets cannot be offset against other income and cannot be carried forward to subsequent years.
Our cryptocurrency tax calculator is designed to help Indian crypto investors accurately calculate their tax liability while staying compliant with the latest tax regulations.
Add unlimited crypto transactions including Bitcoin, Ethereum, and other cryptocurrencies to calculate tax on all your virtual digital assets.
Our calculator follows the latest tax provisions under Section 115BBH for accurate tax calculation as per the Income Tax Act, 1961.
Download a detailed tax report that you can share with your tax consultant or use for filing your income tax return.
Income from transfer of Virtual Digital Assets (VDAs) like cryptocurrencies is taxed at a flat rate of 30% plus applicable cess of 4%, bringing the effective tax rate to 31.2%.
No, as per the Income Tax Act, losses from transfer of VDAs cannot be set off against any other income. Also, such losses cannot be carried forward to subsequent assessment years.
Yes, 1% TDS is applicable on the transfer of VDAs under Section 194S of the Income Tax Act. This is withheld by the buyer or the exchange facilitating the transaction.
Only the cost of acquisition can be deducted from the sale value. No other deductions for expenses like trading fees, transaction costs, or other expenses are allowed under the current tax regime.
Crypto Investor, Mumbai