How to use this Surviving the Crypto Tax Bloodletting calculator
The Indian Jurisdiction legally considers Crypto as a 'Virtual Digital Asset' (VDA). While stock traders get massive benefits like offsetting losses and cheap 12.5% Long Term Capital Gains logic, crypto traders are subjected to the highest, most brutal direct tax slab on the planet.
Key Calculation Assumptions
- Calculations assume fixed compounding frequencies unless custom compounding is selected.
- Results do not factor in unannounced statutory tax rate adjustments or customized bank penalty fees.
- Calculations serve educational decision-making and planning purposes.
Frequently Asked Questions (FAQs)
What is the 30% Flat Tax on Crypto in India?
Regardless of which income tax bracket you fall into (even if you make zero money elsewhere), absolutely any profit made selling Crypto in India is taxed at a flat 30%. Surcharges and cess push this to near 31.2% effective destruction. Our engine calculates this immediately.
What is the 1% TDS penalty?
To track everything you do, the government forces the exchange to deduct 1% TDS directly on the massive Gross Sale amount whenever you click Sell. You can claim this back deeply later during ITR filings, but for active traders, it destroys immediate liquid capital.
Can I offset my Crypto losses?
No. The Indian government brutally bans setting off losses from one coin against profits of another. If you make ₹1,00,000 on BTC and lose ₹1,00,000 on ETH, you are net zero—but the government still demands you pay 30% tax on the BTC profit.