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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.

Instant preview No sign-up Schedule VDA ready 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 full transaction history:

  • Coinbase: accounts.coinbase.com → Statements → Generate custom statement → All time, CSV
  • Binance: Wallet → Asset History → Export Transaction Records → Generate (UTC timezone)
  • Kraken: Profile icon → Documents → Create Export → Ledger, full history, CSV → Generate (arrives as .zip)

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Read-only wallet scan No sign-up required INR pricing Schedule VDA
Why Indian Phantom users choose DYOR.tax

Schedule VDA reporting 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 Ready

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.

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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.

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 received into your Phantom wallet are taxable income from virtual digital assets. The INR fair market value at the date of receipt is the taxable amount. Later disposal of those staked SOL tokens constitutes a separate VDA transfer.

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

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 disposals and income in Schedule VDA 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 taxable as VDA income at INR fair market value on the date of receipt. Later disposal of those SOL tokens is a separate VDA transfer subject to the 30% rate on any gain.

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.