What is the tax rate on online gaming in india?

What is the tax rate on online gaming in india?

What is the tax rate on online gaming in india?

At present, online gaming firms are required to charge a 30% TDS on any winnings withdrawn by users in excess of ₹10,000 in each transaction. While the ₹10,000 threshold will remain from 1 April, it will apply on a user's annual earnings.

  • 586.1K views
  • 2023-06-07 09:07:40
Show all Q/A Info

Is 4g fast enough for online gaming?
YES, 4G is enough for playing online games. It mostly depends on how far you are away from the signal tower, which affects your latency.
2024-02-15 21:12:27


Is online gaming legal in the uk?
All forms of online gambling are licensed by the Gambling Commission and therefore can be legally provided in the country under a licence from the commission. The commission's site has details of both licensed operators and applicants.
2024-01-18 06:12:39


Is online gaming a form of gambling?
What is the difference between gambling and gaming? Gambling and gaming are two different things. Gaming is when you participate in legal, state sanctioned wagering. Gambling is when you place bets or wager at locations or online platforms that are not permitted in the State, which remains a criminal activity.
2023-11-02 10:03:31


Why online gaming addiction is harmful?
“Consequences of video game addiction can showcase in a number of ways, including wrist, neck and elbow pain, skin blisters, calluses and sleep disorders. Long-term addiction could lead to obesity, weakness or numbness in the hands (peripheral neuropathy) and even blood clots,” Dr. Moberg says.
2023-01-16 15:47:17