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  2. My Balance
  3. Tax deducted at Source- TDS

Tax deducted at Source- TDS

Will tax be deducted if I withdraw an amount lesser than my total deposits?

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.