What is Crypto Tax?
From 1 April 2022, India taxes virtual digital assets (cryptocurrency and NFTs) at a flat 30% rate on profits, regardless of your income slab or how long you held the asset. A 1% TDS is also deducted on every transaction value. Crucially, crypto losses cannot be set off against other income or even against other crypto gains.
Formula
India's crypto tax rules are simple but strict:
Profit = Sell Value − Buy Cost Tax = 30% × Profit (+ 4% health & edu cess) → effective ~31.2% No set-off of losses against other income. No set-off between different crypto holdings. 1% TDS on transaction value at transfer.
How to use this calculator
Enter the total amount you spent to buy and the total value on selling. The calculator shows the profit, the 30% (+cess) tax, and your net profit. Losses are shown but cannot be set off against other income.