Tax

  • When will the tax be deducted? Down Arrow

    If there is a tax liability at the time of withdrawal, the tax will be deducted on net winnings. Other than this, if there is a pending tax liability at the end of the financial year, the balance amount will be deducted from the player’s wallet.

  • What is TDS? Down Arrow

    TDS stands for 'Tax Deducted at Source' which we are legally obliged to deduct tax at source (“TDS”) at the time of withdrawal or the end of the Financial Year.

    As per the Finance Bill passed by the Govt. of India, new tax laws are applicable on Online Gaming apps from April 1st, 2023. As per the law, Platforms offering Online Games are required to deduct tax at source (“TDS”) at the time of withdrawal or the end of the Financial Year. TDS shall be levied at the rate of 30% for all the net winnings of a Player. Here, net winnings shall mean the difference between all winnings and the entry fee paid by a Player for a year.

  • When will the tax be deducted? Down Arrow

    If there is a tax liability at the time of withdrawal, the tax will be deducted on net winnings. Other than this, if there is a pending tax liability at the end of the financial year, the balance amount will be deducted from the player’s wallet.

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