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Phantom Tax Calculator India

India's 30% flat VDA tax applies to gains from Phantom wallet activity - Jupiter swaps, Solana NFT sales, and SPL token trades are all taxable transfers under Section 115BBH. Phantom does not report to the Income Tax Department. Paste your Solana public key and DYOR.tax builds a Schedule VDA-ready report with each transaction priced in INR.

Product scope: The preview and paid INR report are available. It calculates per-VDA transfer gains at 30% plus 4% cess and prepares Schedule VDA transaction data. Because this flow does not collect total income or tax-regime election, surcharge is shown as a genuine floor-to-ceiling range; marginal relief, TDS credits, and reward or other-income classification require separate review.

Instant preview No sign-up Schedule VDA data prepared INR pricing
Step 1
Choose your country

Apply the right tax rules from the start.

Step 2
Choose tax year

Preview the report for the year you need to file.

Steps 3-5

Add your data for an instant tax preview

Start with Phantom, then optionally merge Coinbase, Binance, or Kraken data for more complete cost basis coverage.

Wallet-first flow Optional CSV merge No sign-up
Primary path
Phantom wallet Read-only

Connect Phantom or paste the wallet address you want to scan.

Paste wallet address
🇮🇳 Schedule VDA ⚖ Jupiter, Raydium, Orca 💰 Max 5 wallets
Combine wallet and exchange data
Optional exchange CSV

Merge exchange history for a more complete tax picture.

⇪
Drop your exchange CSV here
Choose the exchange, then drop the file or .

Choose the exchange you want to merge, then export its account-opening-to-today CSV:

  • Coinbase: accounts.coinbase.com → Statements → Generate custom statement → account opening to today, CSV
  • Binance: Wallet → Asset History → Export Transaction Records → account opening to today → Generate
  • Kraken: Profile icon → Documents → Create Export → Ledger, account opening to today, CSV → Generate (arrives as .zip)

Phantom-only? Skip this step and scan your wallet above.

Add a Phantom wallet or exchange CSV to unlock your preview.
Read-only wallet scan No sign-up required INR pricing Schedule VDA

What this wallet scanner supports

Supported

  • Read-only scan by address or one-click connect - we never touch your funds or keys.
  • Solana - plus Ethereum, major EVM chains and Bitcoin in the same report.
  • Supported swaps, transfers, fees, and on-chain income are classified automatically; ambiguous activity is flagged for review.
  • Use your wallet alone, or combine it with exchange CSVs in one report.
  • PDF report with your country's cost-basis method applied.

Partly supported

  • Purchase cost for coins funded from an exchange, bridge or another wallet - we flag these; fill them in the quick review step or add the matching exchange CSV to backfill.
  • Bitcoin activity is summarized in the preview and finalized in the full report; paste each address (extended public keys / xpub are not supported yet).
  • Unusual DeFi or NFT positions may need a manual review line.

Not covered

  • This is not tax advice.
  • We never request private keys, seed phrases or spending permissions.
  • We read on-chain activity only - off-chain trades that never touched this wallet are not visible.

Read-only. No sign-up, no spending permissions.

Why Indian Phantom users choose DYOR.tax

Schedule VDA transaction data prepared for review for Solana wallets

30% VDA flat tax calculation, INR pricing, and Jupiter/NFT classification - covering the Phantom activity that falls under Section 115BBH.

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Output

Schedule VDA data prepared

Each Phantom transaction reported with INR gain or loss. Jupiter swaps, SPL token trades, and Solana NFT sales all captured with the acquisition cost and disposal proceeds needed for Schedule VDA.

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Coverage

Full Solana History

Jupiter swaps, Raydium and Orca LPs, Marinade and Jito staking rewards, Magic Eden and Tensor NFT trades - all read from the Solana blockchain and priced in INR.

💰
Coverage

30% Tax Calculation

Gains are calculated per transaction at the 30% flat VDA rate. No loss offsets between transactions - each trade's gain is shown independently, consistent with Section 115BBH rules.

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Scale

High Volume Ready

Solana's low fees mean Indian Phantom users can accumulate thousands of VDA events in a single tax year. DYOR.tax processes the full history without manual entry.

Simple, one-time pricing

No subscriptions. Pay once per tax year. Exchange CSV pricing counts only disposals and income events in the selected tax year; wallet scan pricing counts scanned wallet transactions.

Up to 50 events
$29
51 – 100
$39
101 – 500
$49
501 – 1,000
$59
1,001 – 3,000
$79
3,001 – 5,000
$99
5,001+
$129

India's VDA tax framework and Phantom wallet activity

Finance Act 2022 introduced a flat 30% tax on gains from virtual digital asset transfers under Section 115BBH. Every taxable disposal from your Phantom wallet - a Jupiter swap, a Tensor NFT sale, a Solana token trade - is a VDA transfer subject to this framework. The rules apply to on-chain activity just as they do to trades on centralized Indian exchanges.

Two features of Section 115BBH are particularly important for active Phantom users. First, losses from one VDA cannot be offset against gains from another VDA in the same year. Each transaction's gain stands on its own. Second, the only deduction permitted is the cost of acquisition - no deduction for expenses or fees beyond the purchase cost. Solana's low fees amplify activity volume, meaning Indian Phantom users can accumulate a large number of VDA entries in a single financial year.

Jupiter swaps and Solana DEX trades under Section 115BBH

Each Jupiter swap is a transfer of a VDA: you dispose of the input token and acquire the output token. The gain on the disposed token equals the INR value received minus the cost of acquisition in INR. DYOR.tax calculates each transaction's INR value using historical USD/INR rates at the time of the swap.

SPL token trades on Raydium, Orca, and other Solana DEXes follow the same logic. Each swap is a separate VDA event. The cumulative number of events can be substantial for active traders given Solana's throughput and low transaction costs. DYOR.tax processes the complete Phantom wallet history automatically, consolidating all on-chain activity into a transaction-level INR report.

SOL staking rewards and Marinade, Jito liquid staking

SOL staking rewards are separated at their INR fair market value as gross crypto income for classification review. A later disposal of those staked SOL tokens is assessed separately under the VDA transfer rules.

Liquid staking via Marinade (mSOL) and Jito (jitoSOL) involves converting SOL to a liquid staking token. This conversion may itself be a VDA transfer. The treatment of liquid staking positions under India's VDA rules is not specifically addressed in current CBDT guidance - consult a qualified adviser for these positions. DYOR.tax records all Marinade and Jito interactions for your review.

Airdrops and SPL token distributions

Solana's ecosystem generates frequent airdrops of SPL tokens and NFTs to active wallet addresses. Airdrop tokens received into your Phantom wallet may be taxable as income at fair market value when received, depending on the facts and circumstances. Some distributions may have zero or negligible market value at receipt - the taxable amount depends on the specific token's price at the time. Consult a tax adviser for SPL token airdrop treatment specific to your situation.

Related calculators and guides

All countries: Phantom Tax Calculator
IN country page: India Crypto Tax Calculator
Other Phantom countries: Phantom USA · Phantom UK · Phantom Australia

Solana guides: Solana Tax Calculator · Airdrop Taxes · India Tax Deadline

Product updates

Wallet scanner update history

We publish wallet scanner updates so you can see how the calculator is maintained against real on-chain activity and country tax rules.

Latest wallet scanner update:

View full changelog

  1. Wallet scanning expanded

    Bitcoin and EVM chains join Solana in one report. Indian reports apply the flat 30% VDA rate.

  2. Incoming exchange transfers flagged and routed to CSV

    So basis is not assumed.

  3. Solana liquidity and bot-dust handling improved

    LP events detected, MEV/priority-tip dust neutralized.

  4. Exchange-withdrawal lots demoted to review

    Instead of assuming market-value basis.

  5. Solana / Phantom wallet scanning opened

    With a cost-basis review step for sales missing acquisition history.

Frequently Asked Questions

No. Phantom is a self-custody wallet and does not generally send tax information to the Income Tax Department. You are responsible for reporting all taxable VDA transfers in Schedule VDA and review other crypto income separately of your ITR-2 or ITR-3. India's Finance Act 2022 requires self-reporting of all virtual digital asset activity.

Each Jupiter swap is a VDA transfer. The gain equals INR proceeds minus cost of acquisition in INR. Section 115BBH applies a flat 30% rate to each gain independently - losses from one swap cannot offset gains from another. DYOR.tax calculates each swap's INR gain using historical USD/INR rates.

Yes. SOL staking rewards received into your Phantom wallet are separated at INR fair market value as gross crypto income for classification review. A later disposal is assessed separately under the VDA transfer rules.

Schedule VDA is the section of ITR-2 and ITR-3 where Indian taxpayers report virtual digital asset transactions. Each VDA transfer - including Jupiter swaps, SPL token trades, and NFT sales from your Phantom wallet - must be reported in Schedule VDA. DYOR.tax generates a transaction-level INR report to help complete these entries.

Section 194S TDS is typically deducted by specified Indian exchanges and platforms, not by self-custody wallets or foreign DEXes like Jupiter. Phantom wallet trades on Solana do not generally have TDS deducted. Check how Section 194S may apply to your specific circumstances with a qualified adviser. You remain responsible for self-reporting all gains.