Under Indian tax regulations, net winnings from real-money Rummy games are subject to a flat 30% Tax Deducted at Source (TDS), withheld at the time of withdrawal.
There is no minimum threshold for TDS applicability; any positive withdrawal amount will incur the deduction.
After TDS deduction, you can download your TDS certificate (Form 16B) from the “My Account → Tax Documents” section within 7 working days of the transaction.
Use this certificate to claim TDS credit when filing your Income Tax Return. If your total taxable income falls below the statutory limit, you may apply for a refund of excess TDS from the Income Tax Department.
In addition to TDS on winnings, Goods and Services Tax (GST) at 28% is levied on all deposit transactions as mandated by Indian tax authorities.
For any queries related to TDS, GST or tax documentation, please email us at [email protected] or reach out via live chat.