Online gaming tds calculator
Total Amount after Deducting TDS Tax is around
Total Amount of TDS Tax Deducted is around
How to use this online gaming tds calculator ?
- Enter amount which you wants to withdraw from online gaming account.
- Second is TDS percentage. Currently tds deduct percentage on online gaming platform is 30%.
- Click on Calculate button.
- After deduct 30% TDS amount will show. This amount will reflect to bank account.
What is online gaming tds tax ?
Government of India imposes TDS (Tax deducted at source) tax on winning amount. So when we withdraw our winnings to bank account from online gaming platform. This TDS tax applied on it.
After deduct TDS tax , Online gaming platform transfer our winnings to bank account or wallet. Currently the rate of TDS percentage is flat 30%. This can be claim via filling ITR form.
Suppose you won Rs.500 from fantasy and process to withdraw winnings then 30% TDS first deduct from it. Remaining Rs.350 amount will transfer to bank.
What is online gaming tds tax calculator ?
This is simple tds calculator which shows amount after deduct tax. You can guess how much winnings withdraw after deduct tds to bank account from this online gaming tds tax calculator.
How Online gaming tds tax calculator work ?
This mathematical formula uses Online gaming tds and you can calculate from this formula.
Total amount is Principle
Gaming TDS tax rate is 30%
Received Amount = Principal – ((Principal * TDS Rate * 1) / 100)
