How much tax do you pay on crypto in India?

You’ll pay 30% tax on profits from trading, selling, or spending crypto and a 1% TDS tax on the sale of crypto assets exceeding more than RS50,000 (RS10,000 in certain cases) in a single financial year. You may also pay Income Tax upon receipt at your individual tax rate if you’re seen to be earning other income in crypto, for example, through staking or mining.

When will you pay 30% tax on crypto in India?

You may need to pay the 30% tax whenever you make the following transactions:

Selling crypto for INR or another fiat currency.

Trading crypto for crypto, including stablecoins.

Spending crypto on goods and services.

However, the 30% tax won’t always apply as sometimes the ITD will view you as having income instead. In these instances, you’ll pay tax at your Individual Tax Rate on receipt. This includes:

Gifting crypto - if you're the recipient of the gift (refer to the gift section for more details).

Mining coins (refer to the mining section for more details).

Getting paid in crypto.

Staking rewards.

Airdrops.

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