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Crypto Tax Calculator India with the No-Loss-Set-Off Truth

India taxes crypto at a brutal flat 30%. This calculator shows the whole harsh reality other tools soften: fees are not deductible, losses cannot offset gains, and you can owe tax even in a losing year. Plus the 1% TDS, done right.

Flat 30% plus 4% cess Fees not deductible No loss set-off Taxed even in a loss year 1% TDS under 194S PDF and WhatsApp share

Section 115BBH Tax With the No-Set-Off Rule Applied

Add each crypto trade with its buy cost and sale value. The tool taxes winning trades in full and shows what the disallowed losses really cost you.

Add your trades and tap Calculate to see the real tax.

How India Taxes Crypto, and Why It Is So Harsh

India has one of the strictest crypto tax regimes in the world, introduced in the 2022 Budget and codified under Section 115BBH of the Income Tax Act. Every gain from the transfer of a Virtual Digital Asset, the legal term for cryptocurrencies, NFTs and similar tokens, is taxed at a flat 30 per cent, plus a 4 per cent health and education cess, taking the effective rate to about 31.2 per cent. This rate applies no matter your income slab and no matter how long you held the asset; there is no lower rate for long-term holdings as there is for shares, and no basic exemption for crypto gains.

The flat rate alone would be steep, but three further rules make the regime genuinely punishing, and they are the ones most crypto tax calculators quietly gloss over. First, only the cost of acquisition is deductible. Nothing else, not the exchange trading fees, not the gas fees on a blockchain, not brokerage, not software or internet costs, can be claimed against your gains. So the tax is charged on your gross gain, and the real cost of trading is completely ignored by the tax system, which makes frequent trading especially expensive after tax.

Second, and most brutally, crypto losses cannot be set off. A loss on one coin cannot reduce a gain on another; crypto losses cannot offset any other income such as salary or stock gains; and they cannot even be carried forward to future years to soften a later profit. Each winning trade stands alone and is taxed in full, while each losing trade simply vanishes for tax purposes, giving you no benefit whatsoever. This is unlike every other asset class in India, where losses can at least offset like gains and be carried forward.

The consequence of the no-set-off rule is one that shocks almost every crypto investor, and this calculator is built to show it plainly: you can end a year having lost money overall on crypto and still owe tax. If your winning trades made gains but your losing trades lost even more, the winners are taxed at 30 per cent while the losses are ignored, so you hand over real tax on a portfolio that shrank. This tool computes your tax exactly as the law does, on your winning trades only, and shows you how much more that costs than a normal capital gains tax would, so you see the true burden before it surprises you at filing.

The No-Set-Off Trap, the 1% TDS, and Swaps

To see why the no-set-off rule matters so much, take a simple example. Suppose in a year you make a fifty thousand rupee gain on Bitcoin and a thirty thousand rupee loss on Ethereum. Your real net profit is twenty thousand rupees. Under a normal capital gains tax, you would be taxed on that twenty thousand, paying about six thousand. But under Section 115BBH, the loss is disallowed, so you are taxed on the full fifty thousand of Bitcoin gain, paying about fifteen thousand six hundred. The no-set-off rule has more than doubled your tax, giving you an effective rate of nearly 80 per cent on your actual net profit. This calculator shows exactly this gap, the extra tax the rule costs you, for your own trades.

It gets worse when losses exceed gains. Imagine a twenty thousand gain on one coin and a fifty thousand loss on another; your portfolio lost thirty thousand overall. Yet you still owe tax on the twenty thousand winning gain, about six thousand two hundred, despite having lost money for the year. There is no normal tax on Earth that does this, and it is not an error; it is precisely how the crypto rules are written. The tool flags this situation explicitly, so if you are in it, you know before you file rather than after.

Separately from the 30 per cent tax, there is a 1 per cent Tax Deducted at Source, or TDS, under Section 194S. When you sell a VDA and your annual sale value crosses the threshold, ten thousand rupees for most people, or fifty thousand for specified persons such as those with large business turnover, the buyer or the exchange deducts 1 per cent of the sale value.

This is important to understand correctly: the 1 per cent TDS is not an additional tax on top of the 30 per cent. It is a prepayment, deducted as your transactions happen, which is credited against your final 30 per cent liability when you file; if the TDS exceeds your tax, you get a refund. Its real purpose is to give the tax department visibility of every crypto trade, which it now has in full through exchange reporting.

One more rule catches people out constantly: swapping one cryptocurrency for another is a taxable event. If you exchange Ethereum for Solana, the tax law treats this as transferring your Ethereum, and taxes the gain at its rupee value at the moment of the swap, exactly as if you had sold it for cash. You do not need to cash out to rupees to trigger the tax; every crypto-to-crypto trade is a transfer under Section 115BBH. Combined with the no-set-off rule, this means an active trader swapping between coins can rack up a large tax bill across many taxable swaps even while their overall portfolio moves sideways. Understanding that swaps are taxable, that fees are not deductible, and that losses are disallowed is essential before you trade, not after, which is why this tool lays all three out honestly.

How the Calculation Works

The tool computes your crypto tax exactly as Section 115BBH requires, in four steps.

Step one: gain on each trade

For each trade you enter, it computes the gain as the sale value minus the cost of acquisition. Crucially, it does not deduct any fees, gas or brokerage, because the law does not allow them; only the purchase price of the asset itself is deductible. So the gain it computes is the gross gain the tax is actually charged on, not a fee-adjusted figure that would understate your liability.

Step two: separate winners from losers

It sorts your trades into winners, those with a gain, and losers, those with a loss. It sums the winning gains and, separately, the losing losses. This separation is the heart of the crypto rules: because losses cannot be set off, only the winning gains are taxable, and the losses are set aside entirely, giving no benefit.

Step three: the tax, on winners only

It applies the flat 30 per cent rate plus 4 per cent cess to the total of your winning gains alone. It also computes, for comparison, what a normal capital gains tax would have charged on your net gain, winners minus losers, and shows the difference, so you can see exactly how much the no-set-off rule costs you. Where your losses exceed your gains, it flags that you are being taxed despite an overall loss.

Step four: the 1% TDS and net payable

Finally it computes the 1 per cent TDS on your total sale turnover if that turnover crosses the threshold, ten thousand rupees normally or fifty thousand for specified persons, and credits it against your 30 per cent liability, showing whether you have a balance to pay or a refund due. This gives you the complete picture: your real tax, the extra the harsh rules cost you, the TDS already deducted, and the final amount you owe or reclaim.

Crypto Tax Rules for 2026

These are the rules the tool applies, for FY 2025-26 (AY 2026-27), unchanged in the latest Budget. Verify at the income tax site or with a chartered accountant.

The core rules

RuleDetail
Tax rateFlat 30% + 4% cess, any slab or holding period
Deduction allowedOnly cost of acquisition, nothing else
Fees, gas, brokerageNot deductible
Loss set-offNot allowed, against anything
Loss carry-forwardNot allowed

The 1% TDS (Section 194S)

ItemDetail
Rate1% of sale value (turnover)
Threshold, most people10,000 a year
Threshold, specified persons50,000 a year
NaturePrepayment, adjustable or refundable at filing

What counts and what to know

PointDetail
VDAs coveredBitcoin, Ethereum, NFTs, all tokens
Crypto-to-crypto swapA taxable transfer at rupee value
ReportingSchedule VDA in ITR-2 or ITR-3
Reconcile withForm 26AS, AIS, exchange P&L
Mining or staking receiptTaxed separately as income on receipt

Three Worked Examples From Real Traders

Here are three crypto investors seeing the true tax on their trades.

Rohan is taxed on a losing year in Mumbai

Rohan, in Mumbai, had a rough year. He made a gain of about a lakh on one coin but lost nearly two lakh on another, so his portfolio was down around a lakh overall. He assumed that with a net loss, he owed no tax. On the tool, the harsh truth appeared: because losses cannot be set off, his winning trade was taxed in full at 30 per cent plus cess, so he owed over thirty thousand rupees in tax despite losing money for the year. The tool flagged the situation explicitly. Rohan was stunned but grateful to learn it before filing rather than through a notice, and he understood for the first time just how unforgiving the crypto rules are.

Priya sees fees make no difference in Bengaluru

Priya, an active trader in Bengaluru, had paid substantial exchange and gas fees over the year and assumed they would reduce her taxable gains, as costs do in a business. On the tool, she learned that only the cost of acquisition is deductible, so her fees, however large, could not be claimed at all, and her tax was charged on the gross gain. Seeing that her frequent trading had generated heavy non-deductible fees on top of a full 30 per cent tax, Priya realised that active crypto trading is far more expensive after tax than she had thought, and she shifted to a more considered, less frequent approach to reduce both fees and taxable events.

Arjun reconciles his TDS in Chennai

Arjun, in Chennai, had sold crypto worth several lakh through the year, and his exchange had deducted 1 per cent TDS on each sale. He worried this was an extra tax on top of the 30 per cent. On the tool, entering his trades and turnover, he saw that the TDS was a prepayment, credited against his 30 per cent liability, not an additional charge. Because his TDS was less than his final tax, he had a balance to pay; had it been more, he would have claimed a refund. The tool also reminded him to reconcile the TDS shown against his Form 26AS and AIS, since the tax department now sees every trade, and Arjun filed his Schedule VDA correctly and without fear.

Six Things Every Crypto Investor Should Know

Losses give you nothing

Crypto losses cannot offset gains, other income, or future years. Each winning trade is taxed in full, so you can owe tax even in a losing year.

Fees are not deductible

Only your purchase price is deductible. Exchange fees, gas and brokerage cannot be claimed, so the tax is on your gross gain. Frequent trading is costly.

Swaps are taxable

Exchanging one coin for another, like ETH for SOL, is a taxable transfer at rupee value. You do not need to cash out to rupees to trigger the 30% tax.

The 1% TDS is a prepayment

The 194S TDS is not extra tax. It is credited against your 30% liability, and refunded if it exceeds your tax. Reconcile it against Form 26AS.

Trade less to be taxed less

Every sale and every swap is a taxable event with non-deductible fees. Fewer, more deliberate trades mean fewer taxable events and lower total cost.

Report everything in Schedule VDA

Exchanges report your trades to the tax department. Declare all crypto in Schedule VDA and reconcile with 26AS and AIS, or expect a notice.

Quick Reference: Crypto Tax

QuestionAnswer
What is the crypto tax rate?Flat 30% plus 4% cess
Can I deduct fees?No, only the cost of acquisition
Can losses offset gains?No, and they cannot be carried forward
Can I be taxed in a loss year?Yes, if any trade was a winner
What is the 1% TDS?A prepayment under 194S, adjustable at filing
Is a crypto swap taxable?Yes, at its rupee value

Frequently Asked Questions on Crypto Tax

How is cryptocurrency taxed in India?
In India, income from the transfer of any Virtual Digital Asset, which includes cryptocurrencies like Bitcoin and Ethereum, NFTs and similar tokens, is taxed at a flat 30 per cent under Section 115BBH of the Income Tax Act, plus a 4 per cent health and education cess, giving an effective rate of about 31.2 per cent. This rate applies regardless of your income tax slab and regardless of how long you held the asset, so there is no distinction between short-term and long-term gains as there is for shares, and no lower rate for patient holding. On top of the 30 per cent tax, a 1 per cent Tax Deducted at Source applies under Section 194S when your sale value crosses a threshold, but that is a prepayment, not an extra tax. The regime is deliberately strict: beyond the flat rate, only the cost of acquisition is deductible, no other expenses can be claimed, and losses cannot be set off or carried forward. This makes crypto one of the most heavily and inflexibly taxed asset classes in India.
Can I deduct trading fees or gas fees from my crypto gains?
No. Under Section 115BBH, the only deduction permitted against your crypto gains is the cost of acquisition, meaning the price you paid to buy the asset. Nothing else can be claimed: not the exchange trading fees, not the gas fees you pay on a blockchain, not brokerage, not the cost of software, hardware, electricity or internet, and not any other expense connected with your trading or investing. So the 30 per cent tax is charged on your gross gain, the sale value minus only the purchase price, with all your real costs of transacting ignored by the tax system. This is unusually harsh, since even a normal business can deduct its expenses, but Section 115BBH overrides the usual rules and disallows them for VDAs. The practical effect is that active trading, which generates heavy fees, is far more expensive after tax than it appears, because those fees give no tax relief at all. This calculator therefore does not deduct any fees; it taxes the gross gain, exactly as the law requires.
Can crypto losses offset my gains?
No, and this is the single harshest feature of India’s crypto tax. Losses from Virtual Digital Assets cannot be set off against anything. A loss on one cryptocurrency cannot reduce a gain on another, so if you gained on Bitcoin and lost on Ethereum, you are taxed on the full Bitcoin gain with no reduction for the Ethereum loss. Crypto losses also cannot offset any other income, such as your salary, stock capital gains, or business profits. And they cannot be carried forward to future years to soften a later profit, unlike losses in almost every other asset class. Each winning trade is taxed in full and standing alone, while each losing trade simply disappears for tax purposes, giving you no benefit whatsoever. The consequence is severe: your effective tax rate on your real net profit can be far above 30 per cent, and in a year where your losses exceed your gains, you can end up owing tax despite having lost money overall. This calculator applies the rule exactly, taxing winning trades only.
Can I owe crypto tax even if I lost money overall?
Yes, astonishing as it sounds, and it is a direct result of the no-set-off rule. Because crypto losses cannot offset crypto gains, the tax is charged on your winning trades in full, while your losing trades are ignored entirely. So imagine you gained twenty thousand rupees on one coin but lost fifty thousand on another; your portfolio is down thirty thousand for the year, a clear overall loss. Yet you still owe 30 per cent plus cess on the twenty thousand winning gain, about six thousand two hundred rupees, because the fifty thousand loss gives you no relief. You pay real tax in a year you lost money. No conventional capital gains system does this; in shares, for instance, your losses would offset your gains and you would owe nothing. But crypto is taxed under Section 115BBH, which disallows set-off, so this outcome is not a mistake, it is exactly how the law works. This calculator flags explicitly when you are in this situation, so it never comes as a surprise at filing time.
What is the 1% TDS on crypto (Section 194S)?
Section 194S requires a 1 per cent Tax Deducted at Source on the transfer of Virtual Digital Assets, once your annual sale value crosses a threshold. For most people the threshold is ten thousand rupees a year, and for specified persons, such as those with business turnover above one crore or professional receipts above fifty lakh, it is fifty thousand rupees. When you sell crypto on an exchange, the exchange deducts the 1 per cent from your sale value and pays it to the government; in a peer-to-peer trade, the buyer is responsible for deducting it. The most important thing to understand is that this TDS is not an additional tax on top of the 30 per cent. It is a prepayment of tax, deducted as your transactions happen, and it is credited against your final 30 per cent liability when you file your return; if the TDS deducted exceeds your actual tax, you claim the excess as a refund. Its wider purpose is to give the tax department a real-time record of your crypto trades, which, combined with exchange reporting, it now has comprehensively.
Is swapping one crypto for another taxable?
Yes. Exchanging one cryptocurrency for another, for example swapping Ethereum for Solana, is treated as a transfer of the crypto you are giving up, and it is a taxable event under Section 115BBH. You do not need to convert to rupees to trigger the tax; the moment you swap, the law treats it as if you had sold your Ethereum at its rupee value at that moment, and taxes any gain at 30 per cent plus cess. The rupee value of the coin you dispose of at the time of the swap is used to compute the gain against its cost of acquisition. This catches many active traders by surprise, because it feels like you are merely moving between assets, not realising a profit, but tax-wise every swap is a disposal. Combined with the no-set-off rule and non-deductible fees, this means a trader who frequently swaps between coins can accumulate a substantial tax liability across many taxable swaps, even if their overall portfolio value has barely changed. It is essential to record the rupee value of every swap for correct reporting.
What is the effective tax rate on crypto after the no-set-off rule?
The headline rate is 30 per cent plus a 4 per cent cess, about 31.2 per cent, but your effective rate on your real net profit can be far higher because of the no-set-off rule. Since you are taxed on your winning trades in full while your losing trades give no relief, the tax as a percentage of your actual net profit rises the more losses you had. For example, if you gained fifty thousand on one coin and lost thirty thousand on another, your net profit is twenty thousand, but you are taxed on the full fifty thousand, paying about fifteen thousand six hundred, which is an effective rate of nearly 80 per cent on your twenty thousand of real profit. In the extreme, where your losses exceed your gains and your net is negative, the effective rate is meaningless because you are paying tax on no profit at all. So the true burden of crypto tax depends heavily on how many losing trades you had, and this calculator computes your effective rate on net profit and the extra the rule costs you, so you see the real picture rather than assuming a flat 30 per cent.
What are Virtual Digital Assets (VDAs)?
Virtual Digital Assets, or VDAs, are the legal category India uses to define what falls under the crypto tax rules, set out in Section 2(47A) of the Income Tax Act. The definition is broad and covers cryptocurrencies such as Bitcoin, Ethereum and thousands of other tokens, as well as non-fungible tokens, or NFTs, and other digital assets generated through cryptographic means with similar characteristics. In essence, if it is a crypto token or an NFT, it is almost certainly a VDA and taxed under Section 115BBH at the flat 30 per cent. Some digital assets are specifically excluded by notification, such as gift cards and certain loyalty points, but the core crypto ecosystem, coins, tokens and NFTs, is squarely within the VDA definition. The tax treatment is identical across all VDAs: a 30 per cent flat tax on gains from transfer, only cost of acquisition deductible, no loss set-off, and the 1 per cent TDS. So whether you trade mainstream coins, obscure altcoins or NFTs, the same harsh rules apply, and this calculator works for any VDA.
How are crypto mining, staking and airdrops taxed?
These are taxed differently from simple buying and selling, and often in two stages. When you receive crypto through mining, staking rewards, or an airdrop, that receipt is generally treated as income at its fair market value at the time you receive it, and taxed under the normal rules, as income from other sources or, if the activity is a business, as business income at your slab rates. So there is a tax when the tokens land in your wallet. Then, when you later transfer or sell those tokens, Section 115BBH applies to that transfer at the flat 30 per cent, with the cost of acquisition being the value that was already taxed as income on receipt, or nil for self-generated coins where applicable. So mining and staking can be taxed twice in effect: once as income when received and again as a 30 per cent VDA gain when sold. Expenses like electricity and hardware cannot be deducted against the 30 per cent tax on the eventual transfer. This calculator focuses on the transfer stage, the buy-and-sell gain; for mining, staking and airdrop receipts, the income-on-receipt tax is separate and you should account for it as well.
Which ITR form do I use for crypto, and where do I report it?
You report crypto income in Schedule VDA, a dedicated schedule in the income tax return for Virtual Digital Assets, and you file either ITR-2 or ITR-3 depending on the nature of your activity. If you hold crypto as an investor and transact a few times a year, ITR-2 is generally appropriate. If you trade frequently, daily or weekly, such that it resembles a business, ITR-3 is the correct form, though it is worth noting that Section 115BBH’s flat 30 per cent applies either way, so treating it as a business does not let you deduct expenses or use slab rates. You can never use the simple ITR-1 for crypto. In Schedule VDA you report each transfer, though if you have very many trades you may aggregate them monthly per coin while keeping the detailed transaction log ready in case of scrutiny. Critically, you must reconcile your declared crypto income against your Form 26AS, which shows the 1 per cent TDS deducted, and your Annual Information Statement, which now includes VDA entries reported by exchanges. Mismatches trigger tax notices, so accurate reporting and reconciliation are essential.
Do I have to pay tax if I only hold crypto and do not sell?
No. The 30 per cent tax under Section 115BBH is triggered only on the transfer of a Virtual Digital Asset, meaning a sale, a swap for another crypto, or using crypto to pay for something. Simply holding crypto in your wallet, even if its value has risen substantially, does not create any tax liability, because there is no transfer and therefore no realised gain. Unrealised gains are not taxed; you can hold an appreciating coin for years without owing anything, and the tax arises only in the year you actually dispose of it. This is the one piece of relief in an otherwise harsh regime, and it means that, as with shares, you control the timing of your tax by choosing when to sell or swap. The exceptions are where you receive crypto as income, through mining, staking or airdrops, which is taxed on receipt as described separately, and of course the moment you do transfer a holding, the full 30 per cent regime applies to the gain. So hold without selling and there is no VDA tax; the liability begins the instant you transfer.
Is the 1% TDS an extra cost or can I get it back?
The 1 per cent TDS is not an extra cost; it is a prepayment of your tax that is fully accounted for when you file. When crypto is sold and the TDS is deducted, that amount is paid to the government on your behalf and recorded against your PAN in your Form 26AS. At the time of filing, this TDS is credited against your total 30 per cent tax liability on your crypto gains. If your final tax is higher than the TDS already deducted, you pay only the balance; if your final tax is lower than the TDS, because, for instance, you had many losing trades and little taxable gain, the excess TDS is refunded to you when your return is processed. So over the full year the TDS washes out against your actual liability and does not add to your total tax. Its cost to you is purely one of cash flow and visibility: your money is deducted as you trade rather than at year-end, and the tax department sees every transaction. This calculator credits the TDS against your 30 per cent liability and shows whether you have a balance to pay or a refund to claim.
How does the tax department know about my crypto trades?
Comprehensively, and increasingly so. Indian crypto exchanges are registered reporting entities and are required to report user transactions to the Income Tax Department. The 1 per cent TDS under Section 194S, deducted on every qualifying sale, appears in your Form 26AS against your PAN, giving the department a direct record of your trading activity. Your Annual Information Statement, or AIS, now includes VDA-specific entries where exchanges have reported your transactions. Exchanges also issue an annual profit and loss statement tagged to your PAN. On top of this, the Financial Intelligence Unit of India oversees the crypto ecosystem, and exchanges must comply with anti-money-laundering reporting. The upshot is that the idea of crypto as an off-grid, invisible system no longer holds; the tax department can see your trades in detail and will match them against what you declare. Any mismatch between your return and the data in 26AS and AIS is likely to trigger an automated notice or scrutiny. So accurate declaration in Schedule VDA and careful reconciliation against these records is not optional; attempting to underreport crypto income is very likely to be detected.
Did Budget 2026 or the new Income Tax Act change crypto tax?
No, the substance of the crypto tax regime remains unchanged. The flat 30 per cent tax on Virtual Digital Asset gains, the 4 per cent cess, the 1 per cent TDS, the rule that only cost of acquisition is deductible, and the harsh no-loss-set-off and no-carry-forward provisions all continue exactly as before. The recent changes are largely a matter of renumbering as the law is reorganised: the provisions that were in Section 115BBH and Section 194S are carried into the restructured framework under new section numbers, but the rules themselves are the same. So a crypto investor in 2026 faces the identical tax treatment introduced in 2022: a punishing flat rate with no relief for losses or expenses. There has been persistent industry lobbying to soften the regime, particularly to allow loss set-off and reduce the rate, but as of the current year no such relief has been granted. You should always check the latest CBDT circulars and notifications for any procedural clarifications during the year, but the core burden this calculator computes reflects the law as it stands, unchanged in its harshness.
Are the results from this tool accurate?
Yes, the calculations apply the current Section 115BBH rules exactly, and are accurate for the trades you enter. The tool taxes your winning trades at the flat 30 per cent plus 4 per cent cess, deducts only the cost of acquisition and not any fees, disallows your losses entirely as the law requires, computes the 1 per cent TDS on your turnover against the correct thresholds, and credits it against your liability to show your balance or refund. Critically, unlike gentler calculators, it does not let losses offset gains and does not deduct fees, so it reflects the real, harsh tax rather than an understated one, and it flags when you are taxed despite an overall loss. What the tool assumes is that the figures you enter are your actual buy costs and sale values in rupees, including for swaps valued at the time of the swap, and that these are transfers taxable under 115BBH rather than mining or staking receipts taxed separately. It does not compute the income-on-receipt tax for mining, staking or airdrops. So treat the result as an accurate computation of your VDA transfer tax, keep detailed records for Schedule VDA, and consult a chartered accountant for a complete return, especially if you have DeFi, mining or foreign holdings.
Is there any legal way to reduce my crypto tax?
The scope for reducing crypto tax in India is genuinely narrow, because the regime is designed to leave few levers, but a handful of legitimate approaches exist. First and most important, trade less: since every sale and every crypto-to-crypto swap is a taxable event with non-deductible fees, fewer and more deliberate transactions mean fewer taxable disposals and lower total cost, so a buy-and-hold approach is far more tax-efficient than active trading. Second, be mindful of timing across financial years, though with care, since losses cannot be carried forward, bunching gains and any offsetting sales within thinking about the year matters, but you cannot use losses to offset gains at all, so this is limited. Third, hold rather than sell where you can, as unrealised gains are not taxed, giving you control over when the 30 per cent applies. What does not work is trying to claim fees, disguising crypto income, or hoping losses will offset gains, none of which the law permits, and attempts to underreport are very likely detected through exchange reporting. There is no exemption, no lower long-term rate, and no set-off, so honest reduction is mostly about trading less and timing disposals thoughtfully. For a genuinely optimised approach given your full situation, consult a chartered accountant, but be wary of any scheme that promises to sidestep the flat 30 per cent.

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Disclaimer and editorial transparency

This crypto tax calculator is a free, independent tool from CalcWise.Finance. It applies India’s Virtual Digital Asset tax rules under Section 115BBH for FY 2025-26: a flat 30 per cent plus 4 per cent cess on gains, with only the cost of acquisition deductible and no allowance for fees, gas or brokerage. Crucially, it enforces the no-loss-set-off rule, taxing your winning trades in full while disallowing your losses, so it shows the real tax, including cases where you owe tax despite an overall loss, and how much the rule costs you versus a normal capital gains tax. It also computes the 1 per cent TDS under Section 194S against the correct thresholds and credits it against your liability.

The calculations are accurate for the trades you enter, in rupees, valuing swaps at the time of the swap, and assume these are VDA transfers taxable under Section 115BBH rather than mining, staking or airdrop receipts, which are taxed separately as income on receipt and are not computed here. The tool does not cover DeFi income, foreign-holding disclosures under Schedule FA, or the Black Money Act, and it does not model your full return. Crypto rules are strict, complex and subject to CBDT clarifications, and the section numbers are being reorganised under the new Income Tax Act though the substance is unchanged. The tool is for informational and educational use, not tax advice. Report all crypto in Schedule VDA, reconcile against Form 26AS and AIS, and consult a qualified chartered accountant before filing. Nothing here is financial or tax advice.