If your total withdrawal is less than your deposit, no tax will be deducted.
Example -
| Total Deposit | Total Withdrawal |
| ₹ 4000 | ₹ 2000 |
Here, Net Winnings = Total Withdrawal - Total Deposit
= ₹ 2000 - ₹ 4000
Net Winnings = - ₹ 2000
As Net Winning is negative, there will be no tax deduction.
