As per the Income Tax Act, 1961 we are required to deduct TDS for the winnings above INR 10,000. In such a situation, you may be required to furnish the Permanent Account Number (PAN) allotted to you by the IT department.
On Tournaments winnings of INR 10,000 and above, TDS will be automatically deducted by our software.
On Cash winnings, TDS will be deduced at the time of withdrawal if the amount requested per day per user is equal to or more than INR 10,000.
In case multiple withdrawal entries are received by us from a single user in 24 hours, the total amount requested to withdraw will be calculated. If it reached 10K or above, 30% TDS will be levied to the total amount.
However, while we will deduct the TDS amount only when you withdraw your cash but will refund the deducted TDS amount in the form of Locked Bonus.
Also a TDS certificate will be provided to you as a documented proof of your income from PokerMet.