r/CryptoTax • u/OrmrO • 8d ago

Question Crypto tax

I receive my payment through crypto and cashed it through coindcx , how much I have to pay tax ?

0 Upvotes

33% Upvoted

6 comments sorted by

View all comments

1

u/Will_Koinly 7d ago

Assuming you're India based given CoinDCX, there are two separate taxable events here

Getting paid in crypto is generally income on receipt, taxed at your slab rate on the INR value the day it landed (exactly how it's classified depends on whether it's salary / freelance or business income). Cashing out is separate, 30% plus cess on any gain since that day. The 1% TDS the exchange took isn't an extra tax, it offsets what you owe when you file

How much you owe depends on your slab and how far the price moved in between. Consult a CA to be sure on your liability, and run your full tx history through crypto tax software (include all wallets and any other exchanges you've used -for accurate cost basis) to get the numbers