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Crypto Tax India

Your Ultimate Guide 🧾

📌 Navigating crypto tax laws in India can be tricky. This guide will help you understand and manage taxes on your digital assets, covering various aspects of crypto taxation.

  • NOTE 1: Loss incurred in your crypto cannot be offset against profits or carried forward.
  • NOTE 2: When filing taxes for cryptocurrency, it's important to follow the First-In-First-Out (FIFO) method for determining the buy price of crypto assets. For instance, if you acquire 1 bitcoin on August 1st, another 1 bitcoin on August 2nd, and 0.5 bitcoin on August 3rd, and subsequently sell 0.5 bitcoin (purchased on August 3rd) on August 10th, the buy price used for tax calculations will correspond to the acquisition on August 1st, following the FIFO principle.



    • Income Tax Slabs
    Income Slab Tax Rate (Existing Regime) Income Slab Tax Rate (New Regime)
    Up to ₹250,000 0% Up to ₹250,000 0%
    ₹250,001 - ₹500,000 5% above ₹250,000 ₹250,001 - ₹500,000 5% above ₹250,000
    ₹500,001 - ₹1,000,000 ₹12,500 + 20% above ₹500,000 ₹500,001 - ₹750,000 ₹12,500 + 10% above ₹500,000
    Above ₹1,000,000 ₹112,500 + 30% above ₹1,000,000 ₹750,001 - ₹1,000,000 ₹37,500 + 15% above ₹750,000
    ₹1,000,001 - ₹1,250,000 ₹75,000 + 20% above ₹1,000,000
    Transaction/Tax
    Transaction Tax
    Buying crypto 1% TDS, usually deducted by the exchange (excluding international & P2P trades)
    Selling crypto 30% tax on any gain
    Trading crypto for crypto 30% tax on any gain
    Spending crypto 30% tax on any gain
    Holding crypto Tax free
    Moving crypto between your own wallets Tax free
    Airdrops of crypto Income Tax at your individual tax rate, 30% tax if you later sell
    Hard forks Income Tax at your individual tax rate on receipt, 30% tax if you later sell
    Gifts of crypto Recipient is generally taxed, with some exceptions for gifts from close family or under ₹50,000
    Donating crypto Only cash donations are tax deductible, any perceived profits may be subject to 30% tax
    Mining rewards Income Tax at your individual tax rate, 30% tax if you later sell
    Staking rewards Income Tax at your individual tax rate, 30% tax if you later sell
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