TDS Policy

Complying with the requirements of newly introduced TDS provisions on online gaming by the Finance Act, 2023, we have updated our TDS policy effective from 1st April 2023. The following TDS policy will apply to all the users:

We will deduct 10% -30% of the corresponding order amount according to the following rules.

For the purpose of TDS calculation, definition would be:

Conditions Proportion Actual TDS Cost
B>A 10% TDS=C*10%
B-A>=10000Rs 30% TDS=C*30%
Where:
  • A = Your cumulative recharge amount [Total Recharge Amount]
  • B = Your cumulative Withdrawal amount [Total Withdrawal Amount]
  • C = your current withdrawal order amount

1) According to the requirements of the terms and conditions, users must complete KYC certification and provide their valid PANCARD and Aadhaar details and pictures before the first withdrawal. Failure to complete KYC and provide information will result in the inability to withdraw.

2) The Company reserves the right to amend / modify this Policy at any time in line with applicable rules and provisions of the Income Tax Act, 1961 as amended from time to time without giving any prior notice to the users.

What is TDS ?

As per the Finance Act 2023, all Real Money Gaming Apps are mandated to deduct tax at the rate of 30% on users' Net Winnings at the time of withdrawal or on 31st March (i.e. end of Financial Year).

Where can I find the TDS record?

You can view your withdrawal order in "My Recent Transactions" under the wallet in the APP, and click "Tax Amount" to view the details.