Net Winnings Calculation

Online Gaming Tax Rules in India (115BBJ Guide)

Online Gaming Tax Rules in India

A flat tax rate of 30% is applied to winnings from Online Gaming Tax Rules under Section 115BBJ of the Income-tax Act, 1961, effective from Assessment Year 2024–25 as introduced by the Finance Act, 2023. This new framework will apply to all online games, whether based on skill/games of chance, including online fantasy sports, e-sports, … Read more