Playship TDS Policy

The TDS policy of the Playship app states that 30% TDS will be deducted on all net winnings above ₹10,000 at the time of withdrawal. 

Here is an example:

• A player deposits ₹10,000 and withdraws ₹20,000.
• The net prize is ₹10,000 (20,000 – 10,000).

Here are some things to keep in mind about the Playship TDS policy:

• TDS is deducted at the source, which means that the Playship app will deduct the TDS amount on your behalf and deposit it with the government.
• You will receive a Form 16A from the Playship app if your TDS deduction exceeds ₹20,000 in a financial year.
• You can claim the TDS deducted by the Playship app in your income tax return.