In line with the provisions contained in Finance Act, 2023, following TDS policy is applicable for all players on Rummy Maestro from 1 Apr, 2023.
       ● TDS is applicable at the time of withdrawal and also at the year end
       ● 30% TDS is applicable on net winnings at the time of withdrawal and also at the year end

Net winnings = Total withdrawals - Total depositsTotal deposits deposits in the financial year+opening balance of the financial year
Any net winnings which have suffered TDS at the time of any earlier withdrawal would also be reduced while computing net winnings at the time of withdrawal.
Please note: The TDS Policy is based on the understanding of the provisions as introduced/ amended by Finance Act, 2023 and the Company reserves its right to modify/ change/ amend the TDS Policy basis law applicable at the relevant time.

Scenario 1:
You have a balance of 10,000 in your account on 25 Mar 2023. You decide to withdraw it on 5 Apr 2023. On 1 Apr, 2023, 10,000 will be considered as your year opening balance which will be considered as a deposit in TDS calculation. No TDS will be applicable as your net winnings are ₹0.

Example: