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In India, online casino winnings are generally considered taxable income under the Income Tax Act, 1961. These winnings fall under the category of \“income from other sources\“ and are subject to a flat tax rate of 30% plus applicable cess and surcharge. It is important for players to report such earnings in their tax returns to avoid penalties. Additionally, online casinos operating in India must comply with local gambling laws, which vary by state, and players should ensure they use licensed platforms to avoid legal issues. Overall, understanding the tax implications can help individuals manage their finances responsibly while enjoying online gaming. |
