WazirX Crypto Tax Calculator for India — Section 115BBH

    Upload your WazirX trade history and get an ITR-ready tax report in minutes

    Calculate WazirX Taxes Free

    How It Works

    Step 1

    Export & upload WazirX XLSX trade report

    Log in to WazirX web → go to Funds → Transaction History → Click 'Download Report' → select Financial Year → Download XLSX → The file contains Exchange Trades and P2P Trades in separate sheets → Upload the single XLSX file to CryptoITR

    Step 2

    Auto-calculate tax under Section 115BBH

    CryptoITR applies FIFO cost-basis matching, computes 30% flat tax on gains and 1% TDS credits automatically.

    Step 3

    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 WazirX?

    WazirX is one of India's oldest crypto exchanges. CryptoITR is purpose-built to parse WazirX XLSX trade report exports and compute your Indian crypto tax liability under Section 115BBH of the Income Tax Act.

    • Full support for WazirX XLSX trade report 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

    WazirX Tax Rules Indian Traders Get Wrong

    The 30% rate is the easy part. These are the WazirX-specific details that actually decide whether your ITR survives scrutiny.

    Your TDS was deducted — claim the credit

    As an Indian exchange, WazirX has deducted 1% TDS on sell transactions under Section 194S since July 2022. Those deductions sit in your Form 26AS/AIS as credits against your final tax bill. CryptoITR reads the TDS column from your WazirX report and nets it against your 30% liability — traders who skip this routinely overpay.

    The July 2024 hack does not erase your tax obligations

    Trades you executed before withdrawals were frozen are still taxable transfers in the year they happened. And the hard part: losses from the hack itself are generally not deductible — Section 115BBH permits no set-off, and a theft loss is not a 'transfer'. If you received partial recovery distributions, discuss their treatment with a CA; the trading history in your report remains the basis for Schedule VDA either way.

    Exchange and P2P sheets are parsed separately

    The WazirX XLSX splits order-book trades and P2P (USDT/INR) trades into different sheets with different column layouts. CryptoITR detects and parses both, so your P2P USDT purchases correctly form the cost basis for later sells on any exchange.

    A Worked WazirX Example

    You bought 10,000 WRX-worth of USDT via P2P at ₹84/USDT and later sold on the order book at ₹86/USDT:

    Sale consideration (10,000 × ₹86)₹8,60,000
    Cost of acquisition (10,000 × ₹84)₹8,40,000
    Taxable gain₹20,000
    Tax @ 30% + 4% cess₹6,240
    TDS already deducted by WazirX (1% of sale)−₹8,600 credit

    Because the TDS credit (₹8,600) exceeds the tax due (₹6,240) in this isolated example, filing correctly gets money back. This is why reporting even small USDT flips matters.

    WazirX Tax FAQ

    Ready to file your WazirX crypto taxes?

    Upload your WazirX trade history and get your ITR-ready report in under 5 minutes.

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