Rummy Ares TDS Policy
TDS Policy of Rummy Ares App
Rummy Ares App is a popular online rummy platform in India. It is owned and operated by Ares Games Private Limited. The app follows a strict tax deduction at source (TDS) policy, as per the Indian Income Tax Act, 1961.
When does TDS apply?
TDS applies to all winnings from rummy games on the Rummy Ares download App, if the net winnings exceed INR 10,000 in a financial year. Net winnings are calculated by subtracting the total deposits made by the player in the financial year from the total withdrawals.
What is the rate of TDS?
The rate of TDS on winnings from rummy games is 30%. This means that 30% of the winnings will be deducted at the source and remitted to the Indian government.