How will the TDS be calculated?

Adda52 follows the Income Tax Act regulations on all Cash withdrawals. At the time of withdrawal, a TDS of 30% is applicable on the user's net winnings. This means, the player will receive money post the applicable tax deduction into their Bank account.

Example:
A user has Withdrawable Balance: 30,000 (deposit 5,000 + winning 25,000)
The user withdraws ₹20,000 (5000 Deposit + 15000 Net winnings). 30% TDS will be applicable on net winnings i.e. 30% of 15000. TDS amount applicable on withdrawal request - ₹4500.

Was this article helpful?

11 out of 33 found this helpful