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  3. Tax deducted at Source- TDS

Tax deducted at Source- TDS

When will the tax be deducted?

  • Tax will be deducted on Net Winnings at the time of withdrawal or on 31st March (i.e. at the end of the Financial Year). If tax is deducted on positive Net Winnings on withdrawals, tax will not be deducted again on the same Net Winnings on 31st March.
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  • Will my Opening A/c Balance be considered if I want to make a withdrawal at the start of the new Financial Year (April 2023)?
  • Will tax be deducted if I withdraw an amount lesser than my total deposits?
  • How is tax calculated on 'Net Winnings'?
  • What is ‘Net Winnings’?
  • What are the latest changes to TDS (Tax Deducted at Source) on online gaming apps?
  • How can I get my Tax Certificate to file IT Returns?
  • I play on both RummyCircle & My11Circle. How will this impact me?
  • What is TDS?
  • When will the tax be deducted?
  • If my ‘Net Winnings’ go down during the year, can I get a refund of the TDS already deducted?
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