Binance Crypto Tax Calculator for India — Section 115BBH
Upload your Binance trade history and get an ITR-ready tax report in minutes
Calculate Binance Taxes FreeHow It Works
Export & upload Binance CSV (3 files: Spot, Deposit, Withdrawal)
Log in to Binance web → Orders → Spot Order → Trade History → Click Export → select Financial Year (Apr 1 - Mar 31) → Download CSV → Repeat for Deposit History and Withdrawal History if applicable → Upload all 3 CSV files to CryptoITR (separate upload slots for each)
Auto-calculate tax under Section 115BBH
CryptoITR applies FIFO cost-basis matching, computes 30% flat tax on gains and 1% TDS credits automatically.
Download ITR-ready report
Get a detailed PDF with trade-wise breakdown, Schedule VDA data, and AIS reconciliation — ready for your CA or self-filing.
Why Use CryptoITR for Binance?
Binance is the world's largest crypto exchange, registered with India's FIU-IND since August 2024. CryptoITR is purpose-built to parse Binance CSV (3 files: Spot, Deposit, Withdrawal) exports and compute your Indian crypto tax liability under Section 115BBH of the Income Tax Act.
- Full support for Binance CSV (3 files: Spot, Deposit, Withdrawal) format
- FIFO cost-basis matching across financial years
- 30% flat tax on gains + 1% TDS credit tracking
- AIS reconciliation to match Income Tax portal data
- Schedule VDA-ready PDF for ITR-2 / ITR-3 filing
Binance Tax Rules Indian Traders Get Wrong
The 30% rate is the easy part. These are the Binance-specific details that actually decide whether your ITR survives scrutiny.
Binance does not deduct your 1% TDS — you may owe it
Indian exchanges deduct TDS under Section 194S before crediting your sale proceeds. Binance generally does not. When the exchange doesn't deduct, the legal obligation shifts to you as the buyer — payable via Form 26QE. This is the single most common surprise for Binance users: your AIS shows no TDS credits because none were ever deposited. CryptoITR flags trades where no TDS appears in your export so you and your CA can assess the exposure before filing.
Export windows are short — one file won't cover your FY
Binance limits trade-history exports to a few months per file. Covering a full Indian financial year (April 1 – March 31) usually takes 2–4 separate exports, and the generated download link expires after 7 days. CryptoITR accepts multiple files per upload session and de-duplicates overlapping rows, so gaps and double-counting don't corrupt your FIFO cost basis.
P2P trades are taxable transfers too
Buying or selling USDT on Binance P2P is a VDA transfer under Section 115BBH. Selling USDT for INR at a premium over your buy rate creates a taxable gain — even if you only used USDT as a bridge currency. CryptoITR parses the separate P2P export and includes those trades in your FIFO chain.
Futures P&L is computed per trade
Each futures trade's profit is taxed at 30% under the VDA framework, and a loss on one position cannot offset the profit on another — the no-set-off rule in Section 115BBH applies trade by trade. CryptoITR's dual-treatment engine keeps your spot and derivatives P&L separate so the report survives CA scrutiny.
A Worked Binance Example
You bought 0.05 BTC on Binance in June for ₹3,00,000 and sold it in December for ₹3,80,000, paying ₹380 in trading fees:
Under Section 115BBH only the cost of acquisition is deductible — the ₹380 in fees cannot reduce your gain. And unlike on Indian exchanges, no TDS credit is waiting in your AIS.
Binance Tax FAQ
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