Quick answer
Searches about tax on betting winnings jump every IPL season. Indian law taxes winnings from online games and betting at a flat 30%, and the rules have changed several times. This page explains what to keep for your own records, but it isn't tax advice. For your situation, speak to a chartered accountant.
At a glance
Key takeaways
- Indian law taxes winnings from online games and betting at a flat 30%.
- King Exchange can't work out your tax, tell you how to file or promise that winnings are tax-free.
- Keep deposit screenshots with UTRs, withdrawal confirmations and statements from your bet history.
- Support can share account statements for a particular period.
- This is general information. Speak to a chartered accountant about your own situation.
What can you check yourself?
Your bet history and statement show every deposit, bet and withdrawal on your ID. Keep the withdrawal references the team sends you in the WhatsApp chat. 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?
This site won't work out your tax, tell you which slab applies to you, explain how to file your return, or promise that any winnings are tax-free in India. How India taxes betting winnings changes over time and depends on your circumstances, so checking your own position is your responsibility.
- Work out your tax or tell you which slab applies to you.
- Tell you how to file your return.
- Promise that any winnings are tax-free in India.
How India taxes betting winnings changes over time and depends on your circumstances. The is King Exchange legal page summarises the 30% tax on winnings and how state law applies. Checking your own position is your responsibility.
What records should you keep?
Screenshots of deposits with their UTRs, your withdrawal confirmations, 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, so you can show what you paid in and took out if you're asked.
Reader questions
Frequently asked questions
Q.01Is tax deducted before I receive winnings?
It can be. Tax may be deducted at source on online winnings, and the rate under current law is 30%. Ask a chartered accountant how it applies to you.
Q.02Is this legal or tax advice?
No. Speak to a qualified professional about your own situation.
Q.03Can support help with tax filing?
Support can share your account statements. They can't advise on tax.
Q.04Where can I see what I've withdrawn?
In your bet history and statement, and in the confirmations sent in the WhatsApp chat.
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About the author
Kavya Menon
Responsible Gaming & Compliance Editor · 7+ years experience
Kavya covers player safety: responsible gaming, account security, scam and fake-ID awareness, and TDS on winnings.
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