How much tax is charged on crypto in India?

How Much Tax Is Charged on Crypto in India?

Income from virtual digital assets (including crypto) is taxed at a flat 30% (plus applicable surcharge and cess). No deductions (e.g. expenses) are allowed against this income. You cannot set off losses from other heads of income. In addition, 1% TDS is deducted on certain transfers (e.g. sale above a threshold). The TDS is an advance of your tax; you can claim it when you file your return. Effective tax can be higher than 30% after surcharge and cess depending on your total income.