Winning from online betting on sports

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 July 2017 Sir/Madam,
I was received in bank rs 30000 by investing rs 20000 in online betting site and all transactions done through saving bank account.it attract any tax .if yes what is tax amount.
Please tell full details
Thanks in advance....

Nikhil Kaushik

Nikhil Kaushik (Expert)
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09 July 2017 all betting income is taxed maximum tax rate ie 30.9%.

Querist : Anonymous

Querist : Anonymous (Querist)

10 July 2017 Thanks for reply...I can pay on profit (10000) or on winning (30000)

Asha Kanta Sharma online

Asha Kanta Sharma online

(Expert)
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03 August 2025 For income from online betting (like sports betting), the tax rules are quite clear:

The entire winning amount (Rs 30,000) is taxable under the head “Income from Other Sources”.

There is no deduction allowed for the amount invested (Rs 20,000) or any other expenses against such income.

Tax is to be paid on the full winning amount (Rs 30,000), not just the profit.

The applicable tax rate is 30% plus applicable surcharge and cess (effective around 30.9%).

Summary:
Amount Taxable? Tax rate
Rs 20,000 (your stake) No N/A
Rs 30,000 (winning) Yes 30% + surcharge + cess

So, you pay tax on the Rs 30,000, not just the Rs 10,000 profit.

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