TDS Policy

This TDS (Tax Deducted at Source) Policy is an integral part of our financial policies. By participating in our platform and engaging in cash games, you agree to the deductions made as per the Indian tax regulations. This policy outlines how TDS is applied and processed by SkyRummy.

1. Policy Objective
At SkyRummy, we comply with the Indian Income Tax Act, which mandates TDS deductions on winnings exceeding a certain threshold. Our goal is to ensure transparency in how TDS is applied and processed on your earnings.

2. TDS Deduction Rate
TDS on Winnings: As per the Indian Income Tax laws, a TDS of 30% is deducted on any winnings exceeding ?10,000 in a financial year. The deduction is mandatory and is applied at the time of withdrawal or crediting winnings into your account.

3. When TDS is Applicable
TDS is applicable on all game winnings (skill-based or other) where the total winnings exceed ?10,000 in a single transaction.
TDS is deducted only on the amount that exceeds ?10,000.

4. TDS Certificate
After TDS is deducted, a TDS certificate (Form 16A) will be issued to you. This certificate can be used for filing your income tax returns and claiming credit for the TDS deducted.

5. How We Deduct TDS
The TDS amount is deducted at the time of withdrawal or credit to your account.
For example, if you win ?20,000, TDS will be deducted on ?10,000 (the amount exceeding ?10,000), resulting in a deduction of ?3,000 (30% of ?10,000).

6. TDS Reporting
We will file the TDS return with the Income Tax Department. You can use the TDS certificate to reconcile your tax liabilities when filing your annual tax returns.

7. Compliance
By continuing to use our services, you agree to the terms of this TDS policy and acknowledge that TDS will be deducted as per applicable law.