Crypto Currency Tax Calculator
Profit from the transfer of Crypto Assets
₹ 85,000
*Applicable surcharge and 4% cess payable on the amount of tax.
The tax you need to pay*
₹ 25,500
*Applicable surcharge and 4% cess payable on the amount of tax.
Crypto Currency Tax Calculator
A cryptocurrency is information, code, or token that exists digitally generated through cryptographic means. It uses the decentralised system to record transactions and issue new units.
Cryptocurrency tax calculator
Who can make use of the TDS Calculator?
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Business Owners
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Commission Agents
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Crypto Traders
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Financial Advisors
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Freelancers
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Investors
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Portfolio Managers
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Students
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Tax Consultants
What is cryptocurrency calculator?
What is a Cryptocurrency Tax Calculator?
The Income Tax Calculator calculates the taxes on the basis of the following:
How to use TaxHelpdesk’s Cryptocurrency Tax Calculator?
To use the TaxHelpdesk’s Cryptocurrency Tax Calculator, follow the following:
• Sale Price: Enter the sale price of the cryptocurrency as on the date of its sale
• Cost of Acquisition: Enter the purchase price of the cryptocurrency, also known as the cost of acquisition of the cryptocurrency.
• Calculate: The Income Tax Calculator will help you in calculating taxes as well as in tax planning. You can make use of the calculator for the tax insights and plan investments for saving taxes as well as for your future.
Illustration: Sonia made a purchase of bitcoin on 31st March 2023 worth Rs. 15, 00,000.She happened to sell it off on 31st March 2024 for Rs. 25,00,000.
Calculation Details: • Profit from Transfer: Sale Price = Rs. 25,00,000
Cost of Acquisition = (Rs. 10,00,000)
Profit = Rs. 15,00,000
• Tax Implication:
Under the income tax laws, cryptocurrency assets are taxed at a flat 30% on profits without allowing any deductions except the cost of acquisition. Therefore, the tax liability is:
Rs. 10,00,000 × 30% = ₹3,00,000.
To use TaxHelpdesk’s Cryptocurrency Tax Calculator, you need to put the sale price of the cryptocurrency as well as the cost of the acquisition and the calculator will do its work.
Cryptocurrency gains are taxed at a flat 30%, without deductions other than the cost of acquisition.
Yes, TaxHelpdesk’s calculator allows you to calculate taxes for multiple cryptocurrency transactions
As per the Income Tax Act, all cryptocurrency gains are taxed at flat 30%. Therefore, differentiation between short-term and long-term gains on cryptocurrency is inapplicable.
No, you cannot carry forward the losses from the sale of cryptocurrency. Therefore, choose wisely.
Yes, as per the Income Tax laws, you must disclose crypto holdings and gains while filing your income tax return.
Yes, you can input transaction fees as part of the cost of acquisition for accurate calculations.
Absolutely! The tool is user-friendly and requires minimal inputs to generate results.
Yes, TaxHelpdesk ensures data privacy and does not store user-entered information.
Yes, TaxHelpdesk’s Cryptocurrency Tax Calculator is free to use for computing basic tax liabilities.
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