TDS

What are the terms & conditions for the TDS refund offer?

A user will get a 100% TDS (Tax Deducted at Source) refund.
A maximum limit of ₹20,000 can be capped for each user for a TDS Cashback who holds its withdrawals from 22nd March to 26th May(IND T20 League 2024). and makes a withdrawal on the next day, his/her refund amount will be credited after 5 days.
The user needs to play at least 15 IND T20 League 2024 matches to claim this offer.
This offer is only valid for users who hold their withdrawals throughout from 22nd March to 26th May(IND T20 League 2024).
Real11 holds the right to end the promotion at any moment and without any notice

EXAMPLE 1:

% of refund: Users will receive 100% TDS cashback if they don't make a withdrawal from 22nd March to 26th May(IND T20 League 2024).
Withdrawal Amount: ₹10,000
Applicable TDS Rate: 30%
TDS Cashback Offer: 100% refund on TDS

EXAMPLE 2:

% of refund: Users will receive 100% TDS cashback if they don't make a withdrawal from 22nd March to 26th May(IND T20 League 2024).
Withdrawal Amount: ₹90,000
Applicable TDS Rate: 30%
TDS Cashback Offer: 100% refund on TDS

Capping Amount Limit:

Max Capping Amount: ₹20,000

If the withdrawal is successful, a user will receive 100% TDS cashback credit in his/her deposit wallet once the IND T20 League 2024 concludes (within a week) after following the above terms and conditions.

*NOTE* - Amount may vary as per the date

Do I have to pay taxes when I withdraw my winnings on Real11?

Yes. TDS will be deducted at 30% of your taxable amount at the time of withdrawal, according to the new Government Tax (TDS) law, which goes into effect from April 1st 2023.

The difference between your withdrawals and deposits is the taxable amount. This is how it is calculated:

Amount Taxable (Net Winnings) = A + B - C + D

A = Total withdrawals

B = Current Withdrawal

C =Total Deposit

D =Opening Balance At FY (D)