TDS Policy
Osom Rummy APK

RUBIK CUBE TECHNOLOGY INDIA PRIVATE LIMITED

Published: December 19, 2023
Updated: December 19, 2023
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download 34 MB
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Osom Rummy
Osom Rummy
Osom Rummy
Osom Rummy

Osom Rummy TDS Policy

TDS (Tax Deducted at Source) Rules:

  • TDS is deducted when you make a withdrawal.
  • TDS applies to winnings, not deposits.
  • 30% TDS applies to your net winnings.

 

Net Winnings Calculation:

  • Net winnings = Total Withdrawals – Total Deposits (in a financial year).
  • Financial year is from Apr 1 to Mar 31.

 

Implications for Players:

  • If net winnings > total deposit at withdrawal, 30% TDS applies to any withdrawn amount.
  • If net winnings < total deposit, no TDS unless withdrawal increases total withdrawal amount.

 

Example: Total Deposits = 15,000, Total Withdrawals = 7,000.

  • No TDS for withdrawal up to 8,000.
  • 30% TDS on 2,000 if you withdraw 10,000.
  • If TDS deducted earlier and net winnings fall below total deposit, you can withdraw without TDS until net winnings + previously taxed amount.

 

Example: Total Deposits = 50,000, Total Withdrawals = 40,000, TDS paid = 6,000 (on 20,000 winnings).

  • No TDS up to 30,000 withdrawal.
  • 30% TDS on 20,000 if you withdraw 50,000.
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