In India, online casino payouts are subject to taxation under specific conditions. The Income Tax Act governs these transactions, requiring players to declare winnings as \“income from other sources\“. Any payout exceeding ₹10,000 may attract Tax Deducted at Source （TDS） at 30%, with additional cess and surcharges applying based on total annual income.
Indian players using local payment gateways like UPI, NetBanking, or Paytm for casino transactions must maintain records for tax filing. Winnings from both international and domestic platforms fall under tax scrutiny, though enforcement varies by state due to differing gambling regulations. Professional gamblers might face business income classification, altering tax liabilities.
Recent GST amendments impose 28% tax on full deposit value for online gaming, impacting casino platforms. Players should consult Chartered Accountants for accurate tax planning, considering India\“s complex tax slabs and exemption limits. Proper documentation of wins/losses is crucial for ITR filings to avoid penalties under Section 234F. |
