Quote from: avikz on January 08, 2025, 05:23:37 PM

Quote from: LucyFurr on January 07, 2025, 01:39:53 AM

Quote from: avikz on January 06, 2025, 04:46:23 PM

The risk is really high when it comes to join a startup, crypto startups are even riskier. So personally I wouldn't apply for crypto companies originated in India.

True, potential risks out weighs the rewards so taking a sling shot with one's career is not a smart decision. As of now the crypto startups becoming successful is being slim due the unpredictable status of crypto regulations in our country so sticking with giveaways or whatever we can do to make crypto by working part time is better until the fogs clear regarding the policies.

Exactly! If the crypto related laws are brought in which gives clarity around it, we can take chance. But at the current legal situation, it is highly risky. Getting paid in crypto is a big no no in India as well. You will have to pay 30% tax straight way which makes no sense at all!

It all boils down to regulations. Clarity is very much needed in India. The current tax treatment is very bad as well..

Clarity is definitely needed for crypto taxation in India but until then there's no need to pay 30% flat tax if you are earning crypto through a job.
We have this amazing thread from webtricks which shows how tax can be calculated for crypto income from a job as well as trading and investments.