What are the terms & conditions for the TDS refund offer?
- A user will get a % TDS (Tax Deducted at Source) refund if they fall into any of the mentioned categories below:
- If a user makes a withdrawal once(1) in a month, they will be eligible for 100% TDS Cashback
- If a user makes a withdrawal twice(2) in a month, they will be eligible for 70% TDS Cashback
- If a user makes a withdrawal thrice(3) in a month, they will be eligible for 30% TDS Cashback
If a user makes more than 3 Withdrawal transactions in a month, they won’t be eligible for the TDS refund policy.
- Real11 holds the right to end the promotion at any moment and without any notice.
CASE 1:
- % of refund: Users will receive 100% TDS cashback if they withdraw only once(1) in a month.
- Withdrawal Amount: ₹2,00,000
- Applicable TDS Rate: 30%
- TDS Cashback Offer: 100% refund on TDS
CASE 2:
- % of refund: Users will receive 70% TDS cashback if they withdraw twice(2) in a month.
- Withdrawal Amount: ₹2,00,000
- Applicable TDS Rate: 30%
- TDS Cashback Offer: 70% refund on TDS
CASE 3:
- % of refund: Users will receive 30% TDS cashback if they withdraw thrice(3) in a month.
- Withdrawal Amount: ₹2,00,000
- Applicable TDS Rate: 30%
- TDS Cashback Offer: 30% refund on TDS
CASE 4:
Users won’t be eligible for any TDS refund if they make more than 3 transactions in a month.
If the withdrawal is successful, a user will receive a % TDS cashback refund in his/her deposit wallet within a week of next month after following the above terms and conditions.
This TDS policy will be applicable from 1 July 2024.
