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What are the current tax slabs for individuals earning income from cryptocurrencies in India in 2022?

avatarDugan LundsgaardNov 28, 2021 · 3 years ago1 answers

Can you provide information on the tax slabs applicable to individuals earning income from cryptocurrencies in India in 2022?

What are the current tax slabs for individuals earning income from cryptocurrencies in India in 2022?
Cryptocurrencies
Tax Slabs
India

1 answers

  • avatarNov 28, 2021 · 3 years ago
    As an expert in the field, I can confirm that the current tax slabs for individuals earning income from cryptocurrencies in India in 2022 are as follows: 1. Up to INR 2.5 lakh: No tax liability 2. INR 2.5 lakh - INR 5 lakh: 5% tax rate 3. INR 5 lakh - INR 10 lakh: 20% tax rate 4. Above INR 10 lakh: 30% tax rate It's important to keep track of any updates or changes in tax regulations and consult with a tax professional for personalized advice. Remember to accurately report your cryptocurrency earnings and comply with the tax laws of your country.

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