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Taxability of rummy winnings

Jatin Kumar (Article Asst.) (21 Points)

02 July 2018

What about taxablity of Rummy winnings? whether it is taxable at the time of receipt or at the time of winning before withdrawl ??

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4 Replies

Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 02 July 2018

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

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Saravana kumar (Tax Consultant) (170 Points)
Replied 02 July 2018

Dear Ruchika,

30.9% ( Cess 3% on Tax amount )

Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 02 July 2018

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

OH Yes!

Abhijeet Hotkar (2 Points)
Replied 14 December 2022

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.