TDS Policy
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Ashenfallous Technologies Private Limited

Updated: May 27, 2024
Published: May 27, 2024
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Rummy Noble apk
Rummy Noble
Rummy Noble
Rummy Noble

Rummy Noble TDS Policy

The TDS policy of the Rummy Noble app states that 30% TDS will be deducted on all net winnings above ₹10,000 at the time of withdrawal. The net winnings are calculated by subtracting the total deposits made by the player from the total amount withdrawn.

 

Here is an example:

 

  • A player deposits a total of ₹10,000 and withdraws ₹20,000.
  • The net winnings are ₹10,000 (₹20,000 – ₹10,000).
  • TDS of ₹3,000 (30% of ₹10,000) will be deducted from the withdrawal amount.
  • The player will receive ₹17,000 in their bank account.

 

Here are some things to keep in mind about the Rummy Noble TDS policy:

 

  • TDS is deducted at the source, which means that the Rummy Noble app will deduct the TDS amount on your behalf and deposit it with the government.
  • You will receive a Form 16A from the Rummy Noble app if your TDS deduction exceeds ₹20,000 in a financial year.
  • You can claim the TDS deducted by the Rummy Noble app in your income tax return.
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