• Winning Poker Strategy

There is NO TDS deducted if the redeem amounts are less than 10,000 on Khelo365. TDS is deducted at the time of redemption of winning amounts equal or above 10,000. Based on TDS (Tax Deduction at Source) rules for online card games winnings in India, 30% TDS should be deducted on any redeems above Rs. 10,000.

The player will have to update the banking area with his correct PAN number so that we can file the TDS easily.

1. The provisions of income earned from online gaming fall under section 115BB of the Income Tax Act.Winnings received in kind will be taxed on the the market value of the prize received in kind.
2. Tax regulations place a 30 percent tax rate on all casino winnings, lotteries, crossword puzzles, races, poker games and more (basically all sorts of gaming or betting). Offshore casino operators are required to deduct 30 percent tax while making awards to winners if winnings reach INR 10,000 (equivalent to GBP 115).

Gambling winnings are taxable income in Indiana. Full-year Indiana residents pay tax on all of their gambling winnings, including winnings from riverboats and pari-mutuel horse races (even those winnings from out-of-state sources). Nonresidents pay tax to Indiana on gambling winnings from Indiana's riverboats and pari-mutuel horse racing.

According to Section 194B of Income Tax, “The person responsible for paying to any person any income by way of winnings from lottery or crossword puzzle or card game and other game of any sort in an amount exceeding ten thousand rupees shall at the time of payment thereof, deduct income tax thereon at the rates in force.

Taxes on Poker Winnings. The Section 194B of Income Tax Act requires every poker player online to pay 30% income tax on the total net income generated in a year.

Winning Poker Strategy

• There is NO TDS deducted if the redeem amounts are less than 10,000 on Khelo365.
• TDS is deducted at the time of redemption of winning amounts equal or above 10,000.
• Based on TDS (Tax Deduction at Source) rules for online card games winnings in India, 30% TDS should be deducted on any redeems above Rs. 10,000.
• The player will have to update the banking area with his correct PAN number so that we can file the TDS easily.