What are the current tax slabs for individuals earning income from cryptocurrencies in India in 2022?

Krause McMahonMay 31, 2022 · 3 years ago1 answers

Can you provide information on the tax slabs applicable to individuals earning income from cryptocurrencies in India in 2022?

Cryptocurrencies

1 answers

May 31, 2022 · 3 years ago
As an expert in the field, I can confirm that the current tax slabs for individuals earning income from cryptocurrencies in India in 2022 are as follows: 1. Up to INR 2.5 lakh: No tax liability 2. INR 2.5 lakh - INR 5 lakh: 5% tax rate 3. INR 5 lakh - INR 10 lakh: 20% tax rate 4. Above INR 10 lakh: 30% tax rate It's important to keep track of any updates or changes in tax regulations and consult with a tax professional for personalized advice. Remember to accurately report your cryptocurrency earnings and comply with the tax laws of your country.

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