India how to cash out without paying taxes?
There is currently no way of avoiding paying crypto taxes in India. However, it is possible to route your crypto to a country with very low or no crypto taxation to cash out. This approach is an easy and legal way to reduce the cost of cashing out your cryptocurrency.
The tax you’ll owe on gains from cryptocurrency trading, selling, or usage can reach a maximum of 30%, and for the sale of crypto assets exceeding RS50,000 (or RS10,000 in specific cases) in a single financial year, a 1% Tax Deducted at Source (TDS) tax is applicable.
| Existing Tax Regime | New Tax Regime | ||
| Income Slab | Tax Rate | Income Slab | Tax Rate |
| Up to RS250,000 | 0% | Up to RS250,000 | 0% |
| RS250,001 – RS500,000 | 5% above RS250,000 | RS250,001 – RS500,000 | 5% above RS250,000 |
| RS500,001 – RS1,000,000 | RS12,500 + 20% above RS500,000 | RS5,00001 – RS750,000 | RS12,500 + 10% above RS500,000 |
| Above RS1,000,000 | RS112,500 + 30% above RS1,000,000 | RS750,001 – RS1,000,000 | RS37,500 + 15% above RS750,000 |
| RS1,000,001 – RS1,250,000 | RS75,000 + 20% above RS1.000,000 |
Resource: https://koinly.io/guides/crypto-tax-india/
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