---
title: "How much tax will be levied on cryptpcurrencies?"  
description: "How much tax will be levied on cryptpcurrencies?"  
author: "Sandra Emily"  
published: 2022-05-23  
canonical: https://answers.mindstick.com/qa/97553/how-much-tax-will-be-levied-on-cryptpcurrencies  
category: "troubleshooting"  
tags: ["troubleshooting", "cryptocurrency"]  
reading_time: 1 minute  

---

# How much tax will be levied on cryptpcurrencies?

How much [tax](https://www.mindstick.com/articles/323370/cost-saving-tips-for-small-businesses-during-tax-time) will be levied on cryptpcurrencies?

## Answers

### Answer by Hitesh Vohra

- Finance Minister Nirmala Sitharaman proposed the introduction of a crypto tax in the Union Budget 2022, under which virtual digital assets will be taxed at 30% in India.
- Taxation will be imposed on cryptocurrency assets: Some modifications to income tax laws announced by Finance Minister Nirmala Sitharaman during the presentation of the Union Budget 2022 will take effect on April 1, 2022. A tax on cryptocurrencies and other digital assets is one of them.
- 'Any income from the transfer of any virtual digital asset shall be taxed at a rate of 30%,' Nirmala Sitharaman declared in the Union Budget 2022.

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**Read More: [What is the significance of digital rupee?](https://answers.mindstick.com/qa/97552/what-is-the-significance-of-digital-rupee)**


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