TDS Policy

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Rummy Best

November 30, 2023
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Rummy Best TDS Policy

The TDS policy of Rummy Best App is as follows:

 

  • TDS is applicable on net winnings from online rummy games, exceeding ₹10,000, at the rate of 30%.
  • Net winnings are calculated as Total Withdrawals – Total Deposits – Opening Balance.
  • TDS is deducted at the time of withdrawal or at the end of the financial year, whichever is earlier.

 

Here is an example:

 

  • Player A deposits ₹10,000 in Rummy Best App and wins ₹20,000.
  • Player A’s net winnings are ₹20,000 – ₹10,000 = ₹10,000.
  • TDS of ₹3,000 (30% of ₹10,000) is deducted from Player A’s winnings at the time of withdrawal.
  • The remaining ₹17,000 is credited to Player A’s account.
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