We deduct TDS (tax deducted at source) for any winnings above 10,000 Rs in a cash game as per the govt regulation.
All prizes shall be subject to deduction of tax (""TDS"") as per the Income Tax Act 1961. Winners will be provided TDS certificates in respect of such tax deductions. The Winners shall be responsible for payment of any other applicable tax, including but not limited to, income tax, gift tax, etc. in respect of the prize money.
As per current regulations, Tax will be calculated as follows i.e 30% tax + 4% cess which equals down to 31.2% on the won amount for any amount above 10,000 Rs won in a cash game.