TDS Policy

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Rummy Best

November 29, 2023
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withdrawal limit ₹ 100 Min. Withdrawal
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    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.
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