Scenario 1: Positive Net Winnings at Withdrawal
If you have positive net winnings during withdrawal, we deduct 30% TDS from those winnings if TDS hasn't been deducted before.
Example:
- Withdrawable balance: ₹15,000
- Total net winnings to date: ₹11,000
- Withdrawal amount: ₹8,000
Calculation:
- Net Winnings: ₹8,000
- TDS @30%: ₹2,400
- Amount credited: ₹5,600
Scenario 2: No TDS if Previously Paid
If you've paid TDS in previous withdrawals, no TDS applies to net winnings on which TDS was already deducted.
Example:
- Redeemable balance: ₹6,000
- Total net winnings to date: ₹13,000
- Net winnings without TDS: ₹4,000
- Withdrawal amount: ₹6,000
Calculation:
- Net Winnings without TDS: ₹4,000
- TDS @30%: ₹1,200
- Amount credited: ₹4,800
Scenario 3: Negative Net Winnings
If you've paid TDS on previous winnings, but your net winnings turn negative, no further TDS is applicable. You can claim excess TDS as a refund when filing taxes.
Example:
- Redeemable balance: ₹7,000
- Total net winnings to date: ₹10,000
- Net winnings without TDS: ₹0
- Withdrawal amount: ₹7,000
Calculation:
- TDS @30%: ₹0
- Amount credited: ₹7,000
Scenario 4: Year-End Net Winnings
At the end of the financial year, TDS is calculated on undeducted net winnings. The remaining balance carries forward, exempt from next year's TDS.
Example:
- Account balance on Mar 31, 2024: ₹6,000
- Total net winnings to date: ₹14,000
- Net winnings without TDS: ₹5,000
Calculation:
- Net Winnings without TDS: ₹5,000
- TDS @30%: ₹1,500
- Remaining balance carried forward: ₹4,500