Rummy Perfect TDS Policy

Rummy Perfect’s TDS policy is as follows:

• As per the most recent Union Budget 2023, a 30% TDS will be levied to all net profits from online games.
• The entire amount withdrawn less the total amount deposited is the amount of net winnings.
• The time of withdrawal will see the deduction of TDS at the source.
• On your behalf, Rummy Perfect will deposit the TDS payment with the Indian government.
• At the conclusion of the fiscal year, Rummy Perfect will send you a Form 16A that details the TDS that was withheld from your winnings.
• The TDS that was withheld from your earnings can be claimed when you file your income tax return.

An illustration of how TDS is determined on Rummy Perfect is provided here:

• Make a ₹10,000 deposit and engage in rummy games.
• You take out ₹20,000 after winning it.
• ₹10,000 is your net winnings (₹20,000 – ₹10,000).
• 30% TDS, or ₹3,000, would be subtracted by Rummy Perfect from your net winnings.
• Your bank account will be credited with the remaining ₹17,000.