How to use Crypto Tax Calculator

What Is a Crypto Tax Calculator & How It Simplifies Crypto Tax Filing

A crypto tax calculator is a tool that helps you accurately calculate taxes on your crypto transactions in compliance with Indian tax regulations. Instead of manually tracking trades across multiple exchanges and wallets, a crypto tax calculator automatically consolidates your transaction data and applies the correct tax rules in one place.

With a crypto tax calculator, you can:

• Automatically calculate profit or loss on crypto trades
• View applicable taxes such as 30% tax, 4% cess, and TDS
• Get a clear, year-wise summary of your crypto tax liability
• Identify missing, incorrect, or mismatched transactions that may impact tax calculations

Accurate transaction data is essential for crypto tax compliance, as even small errors can lead to incorrect tax reporting. A reliable crypto tax calculator ensures every buy, sell, transfer, and trade is accounted for correctly.

India Crypto Research’s Crypto Tax Calculator is built to simplify this entire process. By syncing your exchanges and wallets, the platform automatically processes your transaction history, calculates taxes, and generates ready-to-use tax reports—making crypto tax filing simple, accurate, and stress-free.

Step 1: Visit India Crypto Research & Create Your Account

To get started, open the India Crypto Research website and navigate to Tax Calculator & Portfolio Analysis from the top menu.

Once the page opens:

• Click on Add Exchange / Wallet

Register your account by:

• Entering your email address and phone number
• Creating a secure password
   OR
• Logging in directly using your Google account

After completing the registration process, your account will be successfully created, and you’ll be ready to start adding exchanges and wallets to track your crypto portfolio and calculate taxes accurately.

Step 2: Add Your Exchange & Wallet Integrations

After creating your account, the next step is to connect your exchanges and wallets so your crypto portfolio can be tracked automatically.

On the Add Integration page, you can search for your exchange or wallet and connect it to your account. India Crypto Research only requests read-only access, which means your funds remain completely safe, and no transactions can be performed on your behalf.

How to add an exchange or wallet:

1. Use the search bar to find your exchange or wallet
2. Select your exchange and upload your transaction statement
    OR
    Click on a wallet (Ethereum, BNB Smart Chain, Bitcoin, Solana, etc.) to connect it
3. Follow the on-screen steps to complete the integration

Step 3: Add Exchange Integration & Upload Your Transactions

Once you select an exchange, you’ll be redirected to the Add Exchange Integration screen. This is where you upload your transaction history so the platform can accurately calculate your crypto taxes.

Start by entering a wallet name (for example, My Main Wallet or CoinDCX Trading Account). This helps you easily identify different exchanges or wallets inside your account.

Next, upload your transaction file by dragging and dropping the file or clicking to browse. The platform supports CSV and XLSX formats.

Add Wallet Integration (No File Upload Required)

You can also add on-chain wallets such as Ethereum, BNB Smart Chain, Bitcoin, and Solana without uploading any files.

How wallet integration works:

• Select the blockchain wallet option
• Enter your public wallet address
• The platform automatically fetches your on-chain transactions
• All trades, transfers, and balances are synced for tax calculation

How to Upload Your Transactions

Follow these general steps to download and upload your exchange transaction history:

1. Log in to your crypto exchange account
2. Navigate to your profile, account, or transaction history section
3. Look for an option to download, export, or generate reports
4. Select the financial year or date range you want to calculate taxes for
5. Download the file in CSV or XLSX format
6. Upload the downloaded file to India Crypto Research to complete the integration

Note: The location and naming of the report download option may vary across exchanges.

important

1. Upload one file per financial year (e.g., 1 April 2024 – 31 March 2025)

2. If your trading history spans multiple years, upload files separately 

3. Do not modify the file format, as it may affect tax calculations

Once the file is uploaded, click Submit Integration to complete the process.

Step 4: View Your Crypto Portfolio Tracker

Once you submit your exchange or wallet integration, the platform automatically processes your data and builds your crypto portfolio tracker dashboard.

Here, you can see a complete overview of your crypto investments, including:

• Total invested value
• Current market value
• Overall profit or loss
• Portfolio composition across different cryptocurrencies
• Top holdings with detailed performance metrics

The portfolio composition chart helps you understand how your investments are distributed across assets like Bitcoin, Ethereum, Solana, and more. This makes it easier to analyse diversification and identify overexposure to any single asset.

Step 5: View Crypto Tax Calculations & Transaction Details

Once your portfolio is synced, you can navigate to different sections of the platform based on what you want to analyse. To view your tax details, click on Tax Calculations from the left-hand menu.

The Tax Calculations section gives you a complete, year-wise breakdown of your crypto taxes in one place. You can select the financial year you want to review and instantly see:

• Total profit or loss
• Total tax (30%)
• Cess (4%)
• TDS deducted
• Net payable tax

Below the summary, you’ll find a detailed transaction-wise table that shows:

• Buy and sell transactions
• Asset name and quantity
• Net amount paid or received
• Profit or loss per transaction
• Applicable tax, cess, and TDS
• Transaction date

This detailed view ensures complete transparency and helps you understand exactly how your crypto tax liability is calculated for the selected financial year.

Edit Transactions for Accurate Tax Calculation

If you notice any missing or incorrect values, you can manually edit transaction details directly from this section. This allows you to:

• Correct prices or quantities
• Update transaction types
• Fix incorrect classifications

Making these adjustments ensures your profit and tax calculations remain accurate before downloading your final tax report.

Download Your Crypto Tax Report

Once you’ve reviewed your tax calculations, you can easily download your crypto tax report by clicking on the Download Tax Report button at the top-right corner of the screen.

The downloaded report contains:

• Year-wise transaction history
• Profit and loss calculations
• Applicable taxes, cess, and TDS
• A ready-to-use summary for tax filing

This report can be used directly for income tax filing or shared with your accountant or CA, making crypto tax compliance simple and stress-free.

Step 6: View & Manage Integrations

After adding your exchanges and wallets, you can manage all your connections from the Integrations section in the left-hand menu.

This page displays a summary of all your connected exchanges and wallets, including:

• Exchange or wallet name
• Total number of synced transactions
• Last synced time

From the Integrations section, you can:

• Confirm that your exchange or wallet has been successfully added
• Monitor sync status and transaction count
• Manage or review integrations whenever required

This section helps you ensure that all your data is properly connected, keeping your portfolio tracking and tax calculations accurate.

Need Expert Help With Your Crypto Taxes?

If you want personalised assistance with your crypto taxes, you can click on the Get Assistance button located at the bottom-left corner of the screen.

This allows you to connect with crypto tax experts who can:

• Review your portfolio and transactions
• Help resolve discrepancies
• Assist with accurate tax filing

This option is ideal if you prefer professional guidance or have complex crypto activity.

With this, you can confidently track your crypto portfolio, manage integrations, and stay compliant with your crypto tax obligations all in one place.