TDS Policy

Pokerstars

Stars Mobile Limited

December 22, 2023
reviews 3.8 rating 341K reviews
download 4 MB 10M+ installs
signup bonus Up to 5000 signup bonus
withdrawal limit ₹ 100 Min. Withdrawal
Install Now
Pokerstars
Pokerstars
Pokerstars
Pokerstars

Pokerstars TDS Policy

The PokerStars app is required to comply with Indian tax laws, and this includes deducting TDS (Tax Deducted at Source) on winnings. TDS is a direct tax that is deducted at the source of the income, and it is payable to the Indian government.

 

TDS Rate on Poker Winnings

 

The TDS rate on poker winnings is 30%. This means that if you withdraw ₹10,000 from your PokerStars account, ₹3,000 will be deducted as TDS and the remaining ₹7,000 will be credited to your bank account.

 

How TDS is Calculated

 

TDS is calculated on the net winnings of a player in a financial year. Net winnings are calculated by subtracting the total deposits made by the player in a financial year from the total winnings withdrawn by the player in the same financial year.

 

Example

 

Suppose a player deposits ₹10,000 in their PokerStars account in a financial year and wins ₹20,000. The player then withdraws ₹15,000 from their account. The TDS on the winnings will be calculated as follows:

 

  • Net winnings = ₹15,000 – ₹10,000 = ₹5,000
  • TDS rate = 30%
  • TDS amount = ₹5,000 * 30% = ₹1,500
  • The player will receive ₹13,500 in their bank account after TDS is deducted.

 

Your Download file is ready

    Enter your mobile and email address to start downloading app

    Please prove you are human by selecting the star.