TDS Policy

This TDS Policy is applicable for all players from 1st April, 2023.

Please note:

The TDS will be deducted at the time of withdrawal.
The TDS will be applicable only to the winnings and not the deposits.
30% TDS will be applicable to their net winnings.

For reference,

Net winnings = Total Withdrawals - Total Deposits (in a financial year). Apr 1 to Mar 31 duration is considered a financial year.

What Does It Mean For Players?

1. If your net winnings at the time of making a withdrawal is more than the total amount deposit at the time of withdrawal, 30% TDS will be applicable on any amount being withdrawn.

2. If your net winnings at the time of making a withdrawal is less than of your total deposit amount at the time of withdrawal, TDS will not be applicable on any amount being withdrawn unless the withdrawing amount is not increasing your total withdrawal amount from your total deposit.

For example: Your Total Deposits in the current financial year at the time of withdrawal is 15,000. Your Total Withdrawals in the current financial year at the time of withdrawal is 7,000. In the above scenario, following will be applicable: If you withdraw upto 8,000, there will be no TDS deduction. If you withdraw 10,000 there will be a 30% TDS deduction on 2000 only.

3. If there was TDS deducted at an earlier withdrawal and later your net winnings go below your total deposit amount, you will be eligible to withdraw without any TDS deduction till your net winnings plus the amount on which you have already paid the TDS.

For Example: Your Total Deposits in the current financial year at the time of withdrawal is 50,000. Your Total Withdrawals in the current financial year at the time of withdrawal is 40,000. TDS paid in the current financial year is 6000 (That is on a winning amount of 20,000). In the above scenario, following will be applicable: If you withdraw upto 30,000, there will be no TDS deduction. If you withdraw 50,000, there will be a 30% TDS deduction on 20000 only.