Complying with the requirements of newly introduced TDS provisions on online gaming by the Finance Act, 2023, we have updated our TDS policy effective from 1st April 2023. The following TDS policy will apply to all the users:

The company will deduct TDS at a rate of 30% on the net winnings of the users at time of withdrawal and at the end of the financial year (‘F.Y’).

For the purpose of TDS calculation net winnings definition would be:

Net winnings* at the time of first withdrawal in FY	A – (B + C)
Net winnings** at the time of each subsequent withdrawal	A – (B + C + D)
Net winnings at end of the F.Y	(A + E) – (B + C + D)
Where: A = Total Withdrawal during the F.Y B = Total Deposits during the F.Y C = User Opening balance at the beginning of the F.Y D = Net winnings for which TDS is already paid during the previous withdrawal**. E = User Deposit balance at the end of the F.Y
*Net winnings shall be zero, if the sum of amounts B & C is equal to or greater than the amount A. **Net winnings shall be zero, if the sum of amounts B, C and D is equal to or greater than the amount A.

1) Users must provide their valid PAN details and a copy of their PAN card before their first withdrawal, as required by the Terms & Conditions. Failure to provide PAN will result in the inability to withdraw winnings.

2) If users fail to provide valid PAN details or a copy of their PAN card by the end of the financial year, the company will deduct tax at source on net winnings as of the end of the financial year and remit the amount to the government authorities on a no- name basis.

3) The Company reserves the right to amend / modify this Policy at any time in line with applicable rules and provisions of the Income Tax Act, 1961 as amended from time to time without giving any prior notice to the users.