No Relief to Crypto in India’s Budget 2025; 30% Tax to Retain

Crypto remains neglected in the latest budget 2025 announced by India’s Finance Minister Nirmala Sitharaman on Saturday, even though the Indian government announced a massive tax relief up to Rs 12 lakh (1.2 million INR) for direct taxes. This means, the Indian government will continue levying 30% tax on capital gains plus an additional 1% Tax Deducted at Source (TDS) on virtual digital assets (VDAs) including cryptocurrencies even though the crypto sector remains unregulated in India. The crypto industry in India had demanded a change from the existing 30% tax on capital gains system and introduction of a progressive tax structure.

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