Tax Treatment on Gaming

Calculation of TDS

Here’s an example of how TDS is calculated on winnings:

Example:

  • Amount of Deposit: Rs. 1,000/-
  • Amount of Win from Game: Rs. 10,000/-
  • Profit: Rs. 9,000/- (Rs. 10,000/- less Rs. 1,000/-)
  • TDS to be deducted: Rs. 2,808/- (i.e. 31.20% of Rs. 9,000/-)

Calculation of 'Net Winnings'

Calculation of ‘Net Winnings’ is provided under Rule 133 of the Income Tax Rules. (See Rule 133 of the Income Tax Rules)

When will tax be deducted from my net winnings?

TDS will be applicable only at the time of withdrawal of winnings.

TDS will not be deducted if the Player again uses that money for playing the game.

TDS Certificate

‘Achievers’ will issue a TDS Certificate from the Income Tax Department for the tax deducted to the Player so that the Players can claim TDS Credit while filing their Annual Income Tax Return.

GST

"Achievers" प्लेटफ़ॉर्म पर GST (Goods and Service Tax) की दर 28% है, जो User द्वारा हर प्रकार Online जो राशि अपने PAV account में जमा की जाएगी उस राशि में से 28% GST काटा जाएगा। किन्तु Achievers, Users को इकोलिव भरपाई उनकी ही राशि से Reward के रूप में दे देती है। इस प्रकार User पर GST का कोई प्रभाव नहीं आता।

उदाहरण (Example)

विवरण राशि (₹)
User A द्वारा PAV में जमा राशि 1,000.00
Less: GST @ 28% 218.75
User की Basic राशि (after GST) 781.25
+ Achievers द्वारा दिया गया Reward (example) 218.75
Final amount user के PAV खाते में (approx.) 1,000.00