My11Circle Help Center home page
Back Arrow

Help & Support

Help & Support

Home

Hello, what can we do for you?

Search
  1. My11Circle
  2. My Balance
  3. New Tax Rules

New Tax Rules

How is tax calculated on 'Net Winnings'?

Tax is calculated at the rate of 30% of Total Net Winnings at the time of Withdrawal. Let's take the above example for reference.
Here, the Net Winnings is ₹ 1000. Tax = 30% of ₹ 1000 = ₹ 300

Was this article helpful?
26 out of 54 found this helpful
  • I play on both RummyCircle & My11Circle. How will this impact me?
  • How can I get my Tax Certificate to file IT Returns?
  • If my 'Net Winnings' go down during the year, can I get a refund of tax already deducted?
  • What will happen if there is some amount remaining in my My11Circle A/c at the end of the Financial Year?
  • Will my Opening A/c Balance be considered if I want to make a withdrawal at the start of the new Financial Year (April 2024)?
  • Will tax be deducted if I withdraw an amount lesser than my total deposits?
  • When will tax be deducted?
  • How is tax calculated on 'Net Winnings'?
  • What is 'Net Winnings'?
My11Circle
© 2018 Games24x7 Pvt. Ltd. All Rights Reserved.
Stay Connected
  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • Telegram

Quick Links

  • Home
  • How to Play
  • How to Download
  • Points System
  • Tips & Tricks
  • Promotions
  • Fantasy Cricket League
  • Help
  • Withdraw Cash
  • Today's Match Prediction
  • T20 World Cup
  • Cricket Records
  • Fantasy Cricket on iOS
  • Fantasy Cricket on Android
  • Cricket Schedule
  • Indian T20 League
  • About Us
  • Hacking Awareness
  • Legality
  • Terms of Service
  • Privacy Policy
  • Blog

Security & Game Integrity

  • Responsible Play
  • 18+

Our Payments Partners

  • PayTM
  • Tech Process
  • Razor Pay
  • Cashfree
  • Times Of Money