Crypto & VDA Tax & TDS Calculator
Calculate your flat 30% tax liability on Virtual Digital Assets (Bitcoin, Ethereum, NFTs, Web3 tokens). Computes mandatory 4% Health & Education Cess, 1% TDS credit under Section 194S, and highlights strict loss set-off rules.
VDA Transaction Details
Total fiat value credited or received upon crypto sale/swap.
Under Sec 115BBH, only purchase cost is deductible. Exchange fees, gas fees, or mining power cannot be deducted!
Net Tax Assessment
- No basic exemption limit (e.g. ₹3,00,000) applies against VDA gains.
- No Chapter VI-A deductions (80C, 80D, 80TTA) can be set off against crypto tax.
- Crypto gifts from non-relatives exceeding ₹50,000 are taxed under Section 56(2)(x).
- All trades must be reported under Schedule VDA in ITR-2 or ITR-3.
Virtual Digital Asset (VDA) income is taxed at a flat 30% plus cess under Section 115BBH without set-off of losses. Section 194S TDS of 1% is withheld by exchanges and can be claimed against final tax liability.
Frequently Asked Questions
Everything Indian crypto investors need to know about Section 115BBH, 1% TDS on WazirX/CoinDCX/Binance, and ITR reporting.
Can I set off losses from one cryptocurrency against gains from another?
No. Under Section 115BBH(2)(b) of the Income Tax Act, loss from the transfer of any Virtual Digital Asset (VDA) cannot be set off against the gain from the transfer of another VDA, nor can it be set off against any other income head or carried forward to subsequent financial years.
What expenses can be deducted when calculating crypto taxable gain?
Under Section 115BBH(2)(a), no deduction in respect of any expenditure (other than the direct cost of acquisition) or allowance is permitted. Trading fees, exchange commissions, electricity, internet, and mining hardware depreciation cannot be claimed as deductions.
Is the 1% TDS under Section 194S my final tax liability?
No. The 1% TDS withheld by Indian exchanges is an advance tax withholding. Your total tax liability on net capital gains remains 30% (plus 4% cess). When filing your ITR, you claim credit for the 1% TDS against your final computed tax liability.