Tax deducted at Source- TDS
What is ‘Net Winnings’?
Net Winnings is the difference between the total amount withdrawn and the total amount deposited in a financial year. Example -
Total Deposit | Total Withdrawal |
₹ 2000 | ₹ 3000 |
Here, Net Winnings = Total Withdrawal - Total Deposit
= ₹ 3000 - ₹ 2000
Net Winnings = ₹ 1000
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- Will tax be deducted if I withdraw an amount lesser than my total deposits?
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- What is ‘Net Winnings’?
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