Indian Compliance & Tax

What is advance tax and do I owe it on crypto gains?

Advance tax is income tax paid in instalments during the financial year rather than as a lump sum at filing, and it generally applies when your total tax liability for the year exceeds 10,000 rupees. Crypto gains, taxed at a flat 30 percent under Schedule VDA, count toward that liability, so realised profits can trigger advance-tax instalments. For example, a large gain booked in the first quarter may require paying a portion of the tax by the June deadline. Missing instalments can attract interest, and individual circumstances vary, so confirm your position with a tax professional.

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.