Crypto Tax Calculator

Calculate your crypto taxes accurately. Understand your tax obligations on cryptocurrency investments and transactions. Total Tax Liability

Enter sale price of Crypto Assets

₹

Enter purchase price of Crypto Asset

₹

Profit/Loss from the transfer of Crypto Assets

₹0

The tax you need to pay*

₹0

If crypto taxes are on your mind, this calculator can help you figure out your tax amounts with ease. It’s simple to use and online. Take a moment to read our short introduction below to get started.

What is a crypto tax calculator?

CoinSwitch’s crypto tax calculator offers Indian crypto investors and traders a convenient tool for accurately calculating their tax liabilities per the country’s specific regulations. Under Indian income tax laws, any income generated from the transfer of crypto is subject to a flat 30% tax.

Deductions from the crypto’s sale price are limited to the cost of acquisition. Additionally, any losses incurred from crypto transfers cannot be offset against other income sources or carried forward to reduce future crypto earnings.

Given India’s unique tax rules for crypto, our calculator helps you know how much taxes you owe on crypto transactions.

How to use the crypto tax calculator?

To use our crypto tax calculator, you’ll need to provide details about your crypto transactions, including:

• The financial year for which you’re calculating taxes.

• The purchase price of the cryptocurrency.

• The sale price of the cryptocurrency.

Once you input this information, the tax calculator will determine the gain or loss on each transaction and the amount of tax you owe.

Benefits of using a crypto tax calculator

Our crypto tax calculator offers multiple benefits, including accurate and compliant tax calculations, saving you time, and providing a comprehensive report of your crypto transactions. It’s easy to use, often budget-friendly, and helps ensure you’re following the law, making it a valuable tool for anyone investing in crypto.

How to calculate tax on crypto?

To calculate your crypto taxes, follow these steps:

1. Find your profit: Subtract what you paid for the crypto from what you sold it for.

2. Apply the 30% tax: Multiply your profit by 30% to find out how much tax you owe.

You might also need to pay extra taxes based on your income.

To make things easier, use our online crypto tax calculator. It helps you input your transactions, calculates your profit and tells you how much tax you owe.

FAQs

1.Can I calculate my crypto tax automatically in india?

Yes, calculating your crypto tax is simple with a tool like the crypto tax calculator from CoinSwitch. Just enter details such as the financial year, purchase price, and sale price of your cryptocurrency. The crypto calculator will then do the math for you, showing your gains or losses and the exact amount of crypto tax in India you need to pay.

2.Do I have to pay taxes on my crypto profits?

Yes, you do. Any profits you make from trading or selling crypto in India are taxed. The government has set a flat 30 percent tax on crypto profits, which applies no matter how long you’ve held the asset. This means every time you make a profit on your crypto, you’ll need to pay the crypto taxes India requires.

3.What are the crypto tax rates in India?

India has a flat 30% tax on crypto gains, and it applies across the board—whether you’re trading, selling, or even spending your cryptocurrency. In addition, there’s a 1% Tax Deducted at Source (TDS) on transactions over ₹50,000 (or ₹10,000 in some cases).

4.Is TDS deducted on crypto in India?

Yes, if your crypto transaction exceeds ₹50,000 (or ₹10,000 in some situations) in a financial year, a 1% TDS is deducted. It’s up to the seller to take care of this TDS and ensure it’s paid to the government, as part of the Indian Income Tax regulations.

5.Can I get a refund on TDS charged on crypto?

Yes, it’s possible. If the TDS deducted from your crypto transactions is more than your overall tax liability for the year, you can claim a refund. This ensures accurate compliance with cryptocurrency tax India regulations.

6.Is crypto mining taxable in India?

Yes, income from crypto mining is taxable in India. This income is categorized as either "Income from Business" or "Income from Other Sources," depending on the operation's nature. Regardless of whether mining is a business or a hobby, it's taxable according to the individual's income tax bracket.

7.Do I have to pay taxes on NFTs in India?

Yes, NFTs (Non-Fungible Tokens) are treated just like other crypto in India. Any profits you make from selling or trading NFTs are taxed at a flat 30% rate and a 1% TDS applies if the transaction is over ₹50,000.

8.Are crypto staking rewards taxable in India?

Yes, investors are generally taxed on staking rewards as income, with a flat 30% tax applied to any profits made from selling the staked crypto. Additionally, there may be a Tax Deducted at Source (TDS) of 1% applicable to certain staking transactions.

9.Do I have to pay taxes on crypto gifts in India?

Yes, crypto gifts can be taxable in India: For the Recipient: If the gift’s value exceeds ₹50,000 in a financial year, it’s taxable under "Income from Other Sources." But there are some exceptions, like gifts from close relatives or on special occasions. For the Giver: You don’t pay tax when you gift crypto, but if you sold it before gifting, any capital gains from the sale are taxable.

10.Are crypto donations taxable in India?

Yes, crypto donations are generally taxable in India. Under Indian tax laws, any transfer of virtual digital assets, including donations, is considered a sale or transfer. This means that the person making the donation is generally considered to have sold the crypto at their fair market value on the date of donation.

11.Do I need to pay taxes If I receive my salary in cryptos in India?

Yes, if your salary is paid in crypto, it’s taxable. The value of the crypto at the time you receive it is considered part of your salary income and is taxed accordingly to your applicable income tax slab. Your employer will also need to deduct TDS on this amount, just like they would with a regular salary.

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