- Tax will be calculated at 30% of Net Winnings.
- For example, if a player plays 100 games by paying an entry fee of Rs. 1000 for all 100 games put together. From these 100 games, if the Player wins Rs. 2000, the Net Gain will equal Rs 2000 (winnings) - Rs. 1000 (entry fee) = Rs. 1000.
- Taking the above example, 30% of Rs. 1000 = Rs. 300 will be considered TDS, and Rs 1000 - Rs 300 = Rs 700 would be credited to your bank account.