India Maintains 30% Crypto Tax in 2026 Budget Amid New Penalties

India's 2026 budget retains a 30% tax on cryptocurrencies while imposing fines for inaccurate reporting, including a $545 penalty for missed disclosures.

In the recently presented Finance Bill for 2026, India has opted to maintain its existing 30% tax rate on cryptocurrencies. This decision comes alongside the introduction of daily fines and a fixed penalty aimed at those who fail to accurately report their crypto transactions.

While the tax and TDS (Tax Deducted at Source) structure remains unchanged, the new regulations highlight the government's commitment to enforcing compliance within the burgeoning crypto market. Individuals who neglect their reporting duties could face a substantial penalty, capped at $545, creating an additional layer of urgency for crypto investors to adhere to disclosure requirements.