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Rummy Best
Updated: December 19, 2023
Published: December 19, 2023
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TDS Policy
Rummy Best TDS Policy
The TDS policy of Rummy Best App is as follows:
- TDS is applicable on net winnings from online rummy games, exceeding ₹10,000, at the rate of 30%.
- Net winnings are calculated as Total Withdrawals – Total Deposits – Opening Balance.
- TDS is deducted at the time of withdrawal or at the end of the financial year, whichever is earlier.
Here is an example:
- Player A deposits ₹10,000 in Rummy Best App and wins ₹20,000.
- Player A’s net winnings are ₹20,000 – ₹10,000 = ₹10,000.
- TDS of ₹3,000 (30% of ₹10,000) is deducted from Player A’s winnings at the time of withdrawal.
- The remaining ₹17,000 is credited to Player A’s account.