As India's Finance Minister prepares to announce the budget provisions for the fiscal year 2025, the web3 community in India is calling for changes to cryptocurrency tax regulations. The community is using the hashtag '#ReduceCryptoTax' on social media to express their demands, which include more flexible tax slabs, a reduction in the Tax Deducted at Source (TDS) from 1% to 0.01% on each crypto transaction, and the ability to carry forward losses. The crypto sector argues that current tax laws hinder crypto growth in India and lead to a talent exodus to more crypto-friendly nations. The community is also advocating for clear legal frameworks, tax regularization, and policies fostering innovation and research in the digital asset space.