P2P Profit Calculator (with Tax + TDS)
Calculate your exact net trading yield. This calculator breaks down purchase costs, exchange fees, the mandatory 1% TDS, and the 30% flat tax on VDA gains.
Maximize P2P Margins with 0% Platform Fees
Every percentage paid to exchanges reduces your final net return. Trade directly with peers on FastXP2P.
Open Zero Fee Account →Indian crypto tax breakdown
- 30% flat tax: Tax is applied to net transaction gains under Section 115BBH. In India, losses from one crypto asset cannot be set-off against gains in another. Furthermore, basic exemptions, business expenses, and deductions cannot be claimed against crypto tax.
- 1% TDS under Section 194S: Platforms facilitating VDA trades are required to deduct 1% TDS on the total purchase amount (sale value for the seller). This is a credit/withholding tax that appears in your Form 26AS, which you can claim or offset when filing your annual ITR.
Read the full P2P Tax Guide India 2026.
FAQ
No. Under the current income tax rules in India, only the direct cost of acquisition (purchase price) can be deducted from the sales revenue to determine taxable VDA gains. Platform trading fees, withdrawal fees, and gas fees cannot be deducted.
TDS is deducted on the seller's consideration. Therefore, if you sell USDT, the platform deducts 1% from your INR payout and submits it to the Income Tax Department under your PAN. If you are buying, the platform registers the transaction but you receive the full USDT order amount.
This occurs when the sell price is lower than the buy price (a trading loss), or if platform fees consume the entirety of your margin. Always ensure your buy-sell spread covers standard trading fees.