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

Yes. As per the new government tax (TDS) law, a 30% TDS will be deducted from your taxable amount at the time of withdrawal, effective April 1st, 2023.

Taxable amount is defined as the difference between your withdrawals and deposits. Here's how it's calculated:

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

• A = Total withdrawals (including current withdrawal amount)
• B = Total deposits
• C = Opening balance at FY beginning
• D = Amount on which TDS was deducted to date
• E = User's existing wallet balance will be counted as a withdrawal amount
• Payment and Transaction Details

Note: A, E, B & D are calculated for this FY, i.e. from 1 April 2023 onwards.

Users withdrawal amount will be held (put on hold) on 31st March and 1st April. As the FY ends, we want to keep you updated with the TDS policy.

In case of further help, feel free to reach out to us at (Support@realludo.in)