Indian Compliance & Tax

Does the basic exemption limit apply to crypto income in India?

No. The basic exemption limit that shields a slice of ordinary income does not apply to gains from virtual digital assets in India. Crypto gains are taxed at a flat 30% regardless of your total income, so the first tranche of crypto profit is not tax-free the way salary or interest can be. For example, if your only income for the year is a ₹50,000 crypto gain, the 30% still applies even though that sum would fall under the normal exemption threshold for other income types.

This is general information, not tax advice. Tax rules change and depend on your individual circumstances — verify the current rules or consult a qualified tax professional before acting.