Budget 2023: 30% Tax on Net Winnings in Online Games & Threshold for TDS Levy Removed, Says FM

The Budget 2023-24 proposed to introduce two new provisions for Tax Deducted at Source (TDS) on online gaming — levy of 30 per cent on payment of net winnings in a financial year and removal of the current Rs 10,000 threshold for the levy of TDS.The Budget 2023-24 proposed to introduce two new provisions for Tax Deducted at Source (TDS) on online gaming — levy of 30 per cent on payment of net winnings in a financial year and removal of the current Rs 10,000 threshold for the levy of TDS.