Quick answer
Questions about tax on betting winnings spike every IPL season. Indian law taxes winnings from online games and betting at a flat 30%, and the rules have changed more than once. This post explains which records to keep for yourself. It isn't tax advice, so for your own situation, speak to a chartered accountant.
At a glance
Key takeaways
- Indian law taxes winnings from online games and betting at a flat 30%.
- This site can't work out your tax, explain how to file or promise winnings are tax-free.
- Keep UPI receipts for deposits, withdrawal confirmations and statements from your bet history.
- Support can share account statements for a given period.
- This is general information. Speak to a chartered accountant about your own case.
What can you check yourself?
Your bet history and statement show every deposit, bet and withdrawal on your ID, and your UPI app shows every payment in and out. Together they're the record a tax professional will ask for. Don't apply a percentage from a YouTube thumbnail to your payouts.
What won't this site do for you?
How betting winnings are taxed depends on current law and your own circumstances, so this site stays out of the calculation.
- Work out your tax or tell you which slab applies.
- Explain how to file your return.
- Promise that any winnings are tax-free in India.
The rules on betting winnings change over time and depend on your circumstances. Checking your own position, with professional help where you need it, is your responsibility.
Which records should you keep?
UPI receipts for your deposits, confirmations of your withdrawals and periodic statements from your bet history. Ask support if you need a statement for a particular period. Keep them for the whole financial year.
Still wondering?
Frequently asked questions
01Is tax deducted before I receive winnings?
It can be. Tax may be deducted at source on online winnings, and the current rate under the law is 30%. Ask a chartered accountant how it applies to you.
02Is this legal or tax advice?
No. Speak to a qualified professional about your own situation.
03Can support help with tax filing?
Support can share your account statements. They can't advise on tax.
04Where can I see what I've withdrawn?
In your bet history and statement, and in your bank or UPI app.
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Written by
KhelKing Player Safety Desk
Security and responsible play
The player safety desk covers scams, fake sites, account security and staying in control of your betting, and keeps these guides in line with KhelKing's published policies.
Before you bet
Betting carries financial risk and is for adults 18 and over. Only stake money you can afford to lose, and check how the law applies where you live.
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