TDS doesn’t have to be tedious!
Our taxation policy is simple and clear.
We calculate TDS on your poker winnings according to section 194b of the Income Tax Act of India. Therefore, you need to submit your PAN card details when you create an account with us.
How much tax is deducted?
Your winnings at real money poker are calculated as your final poker balance minus your cumulative deposit since the last withdrawal. If these winnings exceed ₹10,000, TDS is applicable at 30%. We will deduct this tax before transferring your poker balance to your user balance.
When is TDS remitted?
TDS deducted in a month is deposited to the government against your PAN card number in the first week of the following month. We file TDS returns within 30 days of the end of every quarter.
How do I get my TDS certificate?
PS: For obvious reasons, we do not pay taxes on your winnings on your behalf. If anyone else offers to do that, please go ahead and use the opportunity before they get found out or go bust!