Your net winnings are subject to tax deduction at source (TDS) which occurs when you withdraw funds or at the end of the financial year. TDS is calculated based on the formula: Net winnings = A - (B + C + E).

Definitions:

- Withdrawals (A): Total amount withdrawn from the user account during the financial year until the time of subsequent withdrawal, including the current withdrawal.
- Deposits (B): Total amount deposited in the user account by the owner during the financial year until the time of the subsequent withdrawal.
- Opening Balance (C): Account balance at the start of the financial year.
- Closing Balance (D): Account balance at the end of the financial year.
- Net Winnings (E): Net winnings included in earlier withdrawals during the financial year till the time of the subsequent withdrawal if tax has been deducted on those winnings.

Example:

Let's say a user withdraws ₹7,000 on April 13, and then withdraws an additional ₹10,000 on April 30, 2023. Here's how the TDS calculation would work:

1. Withdrawal on April 13, 2023 (A): ₹7,000
Net Winnings (A - (B + C + E)):           ₹-8,000
Amount credited to the bank:            ₹7,000
Balance in user account:                     ₹8,000

2. Withdrawal on April 30, 2023 (A):  ₹10,000
Net Winnings (A - (B + C + E)):            ₹2,000
TDS on net winnings @30%:               ₹600
Amount credited to the bank:            ₹9,400

In summary, the TDS calculation considers your withdrawals, deposits, opening balance, and net winnings to determine the TDS amount on your net winnings.