Online betting in India continues to grow in 2026. Cricket leagues, football matches, and live casino markets attract serious players. With bigger participation comes higher financial responsibility. One of the most important aspects is TDS on betting winnings.
If you use Laser247, you must understand how tax is calculated, when it is deducted, and how to report it properly. This guide explains everything in simple terms.
What Is TDS on Betting Winnings?
TDS stands for Tax Deducted at Source. It means tax is deducted before the winnings reach your bank account. The platform deducts the tax and credits the remaining amount.
In 2026, Indian tax law applies a flat 30 per cent tax on net winnings from online betting and gaming. This rule applies to all regulated platforms, including Laser 247.
Tax Rate Structure in 2026
The tax structure for betting income is clear and strict.
Key points include:
Flat 30 per cent tax on net winnings
No basic exemption limit benefit
No deduction of expenses
No adjustment of betting losses
A PAN card is mandatory
This means even small winnings are taxed at the same rate.
How Net Winnings Are Calculated
Many players think tax is deducted from the total withdrawal. This is not correct. Tax applies only to net winnings.
Net Winnings Formula:
Total Withdrawals – Total Deposits = Net Winnings
Example:
Total deposit: Rs 60,000
Total withdrawal: Rs 95,000
Net winnings: Rs 35,000
TDS at 30 per cent: Rs 10,50
You receive Rs 84,500 after deduction.
To track these figures properly, always review your account dashboard after Laser247 Login.
When Is TDS Deducted?
TDS can be deducted at different stages depending on the platform policy.
Common scenarios:
At the time of withdrawal
At the end of the financial year
When the account shows a net positive balance
Active traders and members of the Laser247 Club should monitor their yearly profit to avoid confusion at the time of withdrawal.
Importance of PAN and KYC
PAN is compulsory for online betting accounts. Without proper verification:
Higher tax deduction may apply
Withdrawals can be delayed
TDS credit may not reflect in Form 26AS
Complete KYC verification ensures smooth transactions. High-value players using Laser247 Pro tools must keep documents updated at all times.
Reporting Betting Income in Income Tax Return
TDS deduction does not remove your obligation to file an income tax return.
You must:
Declare gross betting income
Show TDS deducted
Report income under “Income from Other Sources
Claim a refund if excess tax was deducted
TDS details appear in Form 26AS. Always verify them before filing your return.
Can Betting Losses Be Adjusted?
In India, tax rules are strict in this area. Betting losses cannot be adjusted against other income.
Important rules:
Losses cannot reduce salary income
Losses cannot reduce business income
Losses cannot be carried forward
Only net positive winnings are taxable
This makes disciplined betting and record-keeping very important.
Impact on Frequent Bettors
Players who participate in major tournaments often see higher winnings. Cricket events, especially international tournaments, increase betting volume.
Higher winnings mean:
Higher TDS deduction
Larger taxable income
Greater reporting responsibility
Users placing bets through the Laser247 APP should calculate the potential tax impact before requesting large withdrawals.
Treatment of Bonuses and Promotional Credits
Online platforms often provide welcome bonuses and cashback offers. Tax rules apply carefully in such cases.
Key points:
Bonus credit itself is not taxed
Tax applies only to withdrawable winnings
Converted bonus profits attract 30 per cent TDS
Always read promotional terms carefully to understand how bonus winnings affect taxable income.
Practical Tax Planning Tips
Smart players focus on compliance. Here are practical steps to follow:
Track every deposit and withdrawal
Download transaction statements regularly
Verify PAN details
Maintain personal records of net winnings
File your income tax return before the deadline
Consult a tax advisor if the winnings are high
Simple discipline prevents future legal issues.
Common Mistakes to Avoid
Many players face tax notices due to simple errors. Avoid these common mistakes:
Ignoring TDS deduction entries
Not reporting betting income in the ITR
Using incorrect PAN details
Assuming small winnings are exempt
Withdrawing funds without checking the net profit status
Being informed protects your financial position.
Why Understanding TDS Is Important
Betting Market India Online betting is more transparent in 2026. Digital tracking systems allow authorities to monitor financial activity more effectively. Non-compliance can lead to:
Income tax notices
Interest and penalties
Account restrictions
Legal complications
Understanding TDS helps you plan withdrawals better. It also builds financial confidence.
Example Scenario for Better Clarity
Consider a player during a cricket season:
Total deposit: Rs 75,000
Total withdrawal: Rs 1,20,000
Net winnings: Rs 45,000
TDS at 30 per cent: Rs 13,500
Final amount credited: Rs 1,06,500
Such deductions are automatic on regulated platforms like Laser247 Club. However, final reporting responsibility remains with the player.
Conclusion
TDS on betting winnings in 2026 is straightforward but strict. A flat 30 per cent tax applies to net winnings. No deductions or loss adjustments are allowed. PAN and KYC compliance are mandatory.
