TDS Policy
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Passion Gaming

Published: December 20, 2023
Updated: December 20, 2023
reviews 4.4 rating 256 reviews
download 8 MB 5 M installs
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withdrawal limit ₹ 200 Min. Withdrawal
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Rummy Passion TDS Policy

TDS will be deducted under the following circumstances:

  • Any withdrawal during the fiscal year.
  • Final calculation at the end of the fiscal year.

 

TDS is levied at a fixed rate of 30% on Net Winnings. If aggregate Net Winnings are below ₹100 in a fiscal year, no TDS will be deducted.

Net Winnings Calculation:

  • For the first withdrawal: Net winnings = A – (B + C)
  • For subsequent withdrawals: Net winnings = A – (B + C + E)
  • At the end of the financial year: Net winnings = (A + D) – (B + C + E)

 

Important Notes:

  • No carry forward of Net Winnings or Losses to the next fiscal year.
  • PAN details are mandatory for withdrawals, and TDS is deducted before withdrawal.
  • Rummy Passion reserves the right to forfeit winnings if PAN details are incorrect.
  • Users must provide PAN details for TDS refund claims.
  • TDS may be deducted at the end of the fiscal year if PAN details are not provided.
  • TDS and other taxes are subject to change, and Rummy Passion provides tax certificates on request.
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