Rummy Golds TDS Policy

Rummy Golds TDS policy states that a 30% TDS will be levied on all net winnings, both at the time of withdrawal and at the end of the financial year. Net winnings are defined as the difference between the total withdrawals and total deposits made in a financial year.

The financial year in India runs from April 1st to March 31st. So, if you make a withdrawal of ₹10,000 on November 30th, 2023, you will be deducted the TDS of ₹3,000 immediately. If you have already withdrawn ₹20,000 in the financial year, then the remaining ₹7,000 will be carried forward to the next financial year. At the end of the next financial year (March 31st, 2024), if you have not made any further withdrawals, then you will be deducted the TDS of ₹7,500 on your net winnings.