TDS Policy
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Rummy Model

Updated: January 10, 2024
Published: January 10, 2024
download 54 MB
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withdrawal limit ₹ 100 Min. Withdrawal
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Rummy Model TDS Policy

  • Tax on Winnings: The Income Tax Act of 1961’s “Income from Other Sources” heading applies to winnings from rummy games. 30% tax is the rate that applies to these kinds of wins. Nonetheless, no tax is due if the total income from all sources, including winnings from rummy games—does not surpass the fundamental exemption threshold. For the 2023–24 fiscal year, the basic exemption limit is ₹2,50,000 for those under 60, ₹3,00,000 for those between 60 and 80, and ₹5,00,000 for those beyond 80.


  • Tax Deduction for Losses: You can deduct your losses from rummy games from your wins.


  • Tax on Deposit Fees: Rummy sites charge deposit fees, which are subject to tax under the heading “Income from Other Sources”. These fees are subject to a 30% tax rate.


  • Withdrawal fees are subject to taxation under the “Income from Other Sources” heading, as stipulated by rummy platforms. These fees are subject to a 30% tax rate.
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