The Income Tax Department reports ₹511.83 crore collected in FY25 alone, with one state accounting for 57% of the year’s crypto gains.
India's Income Tax Department has collected more than ₹1,100 crore from cryptocurrency transactions in the last three years through Tax Deducted at Source (TDS). In FY25, collections reached ₹511.83 crore, with one state contributing 57% of nationwide crypto gains. Surveys conducted on three exchanges uncovered ₹39.8 crore worth of transactions.