Yes, Rush is tax-free. Any TDS tax deducted and paid to the government at the time of withdrawal will be instantly credited to your winnings wallet.
In which wallet is TDS Cashback added?
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100% Cashback gets credited to your Rush Wallets.
Tax Deducted at Source (“TDS”) is a tax required to be deducted from the payments as
per the Income Tax Act of 1961. Online real-money gaming platforms will deduct tax from player’s
taxable winnings as per the government's revised TDS provisions on online gaming.
How are taxable winnings calculated?
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We calculate taxable winnings as:
Taxable Winnings = Total Withdrawals -
Total Deposits in User’s Wallet - Balance on 1st April - Previously Taxed Amount
Total Withdrawals: Total amount
withdrawn during the financial year
Total Deposits: Total amount deposited
during the financial year
Balance on 1st April: Amount in the
account at the beginning of the financial year
Previously Taxed Amount: Total amount on
which taxes already paid during the financial year
When will TDS will be deducted?
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At the time of withdrawal into user’s bank account during the financial year AND/OR on 31st March of
that financial year.
How much TDS will be deducted?
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30% TDS on your taxable winnings will be deducted. No TDS deduction if you don't have Taxable
Winnings at the time of withdrawal or at the end of the financial year.
What is a financial year?
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A period of 12 months, which starts on 1st April and ends on 31st March.
What will happen at the end of the Financial Year?
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At the end of the financial year, i.e. March 31, 30% TDS will be deducted from your
taxable winnings as per the Govt. policy.
Taxable Winnings (End Of Financial Year) = End of Year Rush Wallet Balance + Total Withdrawals - Total Deposits -
Balance on 1st April - Previously Taxed Amount
Will TDS be deducted if I Transfer Winnings to Deposit?
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No, TDS will not be applied when you transfer your Winnings to Deposit.
Yes. While filing income tax returns, you can request a TDS refund from the government. This is
possible if your total taxable winnings by the end of the financial year are less than 0, or
less than winnings on which tax has been deducted.
Is a PAN card mandatory to play on the Rush app? What happens if I
don't submit my PAN?
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No, a PAN card is not mandatory to play on the Rush app. However, it is mandatory to get TDS
certificates.
If I share my PAN at some later stage, will I be able to claim TDS
benefit for the period during which my PAN was not shared?
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Quarterly TDS returns give TDS credit and certificates. Thus, TDS certificates can only be
generated for the PAN shared with us by the end of the quarter in which TDS is deducted.
I have not received my TDS certificate, whom shall I connect with?
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TDS certificates need PAN verification. After PAN verification, you can download TDS certificates
from the Rush Account for the relevant quarter.
How will I get proof of my TDS deposit? Where can I verify the
deducted amount?
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You can download the TDS certificate from ‘Settings’ Menu. Quarterly TDS certificates will be
uploaded to the ‘TDS Certificates’ page after 45 days and by 15 June for the last quarter
(January to March). You can download Form 26AS for TDS calculation from
incometax.gov.in/iec/foportal.
Let’s see a few examples
Rahul already has ₹500 in his Rush account. He then deposits ₹400, plays games, and
wins ₹1500.
EXAMPLE 1
If Rahul wants to withdraw ₹800
We calculated his taxable winnings as follows:
In this case, his taxable winnings are less than ₹0, therefore there will be no
TDS deduction.
EXAMPLE 2
If Rahul now withdraws an additional ₹700
We calculated his taxable winnings as follows:
In this case, his taxable winnings are more than ₹0, therefore there will be a
30% TDS deduction
Requested Withdrawal Amount
₹700
Amount to be credit in bank
₹520
EXAMPLE 3
Rahul’s TDS at the end of the financial year
At the end of the financial year, 30% TDS will be deducted from the Rush account on your taxable
winnings as per the Govt. policy.
We calculated his taxable winnings as follows:
End of Year Rush Wallet Balance
₹300
Taxable Winnings (End of Year)
₹300
Net Wallet Balance at the end of the financial year, i.e, 31st
March
₹210
₹90 will be deducted from Rahul’s Rush account on 31st March.
Note:
Current TDS applicability is based on the understanding of amended TDS provisions introduced in Finance
Act, 2023 which are yet to be clarified by Income tax authorities and company reserves the right to
modify or amend the TDS policy based on TDS provisions as suggested and clarified by the Government of
India.
