Crypto Tax on a Large Sale: 20 Lakh
A large 20 lakh crypto sale showing the combined bite of 30% tax on gains plus 1% TCS on the full sale value.
Selling for ₹20,00,000 against a ₹12,00,000 cost of acquisition is a gain of ₹7,95,000, taxed at a flat 30% (₹2,38,500). A 1% TCS of ₹20,000 also applies on sale value.
- Sale value
- ₹20,00,000
- Purchase cost
- ₹12,00,000
- Transfer fees
- ₹5,000
Net proceeds
1% TCS applies₹17.41 Lakhs
₹17,41,500
₹7,95,000 gain, taxed at flat 30%
Gain
₹7.95 Lakhs
₹7,95,000
Tax payable (30%)
₹2.38 Lakhs
₹2,38,500
TCS deducted (1%)
₹20,
₹5.0L sale / ₹3.0L cost
₹4,35,000 net
₹2.0L sale / ₹3.0L cost
₹1,98,000 net
₹30.0K sale / ₹20.0K cost
₹27,000 net
₹5.0L sale / ₹2.9L cost
₹4,40,000 net
₹20.0L sale / ₹12.0L cost
₹17,41,500 net
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VDA gains are taxed at a flat 30%, no expenses beyond cost of acquisition and transfer fees are deductible, and losses cannot be set off against other income or carried forward. This assumes gains are reported as capital gains, not business income.