Taxability of rummy winnings

At the time of receipt of winning amount it becomes taxable at 30+3% i.e net 33%

Dear Ruchika,

30.9% ( Cess 3% on Tax amount ) 

Originally posted by : Saravana kumar
	Dear Ruchika, 30.9% ( Cess 3% on Tax amount )

OH Yes!

It get taxed on winning and not at withdraw. That means if you deposit 1000 win game ur balance is 2000 now u again play for 1000 and win it too now ur balance is 3000 but at last u play a game for 3000 and lose u will be taxed for 4000 even if u haven't withdraw a single rupee.