Quick Summary
The TDS or tax deducted at source on online gaming applications will now be effective from 1 April, 2023 as against an earlier provision of 1 July, 2023. This comes as the online gaming industry stakeholders had approached the Central Board of Direct Taxes (CBDT) and the Prime Ministers Office (
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FAQ :
The new TDS rules for online gaming will be effective from 1st April 2023.
The threshold for TDS on winnings remains at £10,000, but it will now apply to a user's annual earnings.
The E-Gaming Federation (EGF), All India Gaming Federation (AIGF), and Federation of Indian Fantasy Sports (FIFS) have written to the CBDT and PMO regarding the TDS changes.
Previously, online gaming firms were required to charge 30 percent TDS on winnings withdrawn by users exceeding £10,000 in each transaction.
Online gaming companies are currently liable to pay 18 percent GST on their gross revenue.
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