As of April 2023, online gambling in India now comes with a hefty tax obligation. The Indian government has imposed a flat 30% tax on net winnings from online gambling activities. This tax rate applies to the total amount you win over the financial year, minus your wagers. Essentially, if you win big in online gambling, you’ll need to pay 30% of your net profits in taxes.

This tax rule covers all forms of online gambling where real money is involved. Some online gambling platforms might even withhold the tax at the source from your yearly winnings, simplifying the process for you. However, it’s crucial to keep detailed records of your wins and losses throughout the year to ensure accurate tax filing.

For those with substantial online gambling income, seeking advice from a tax professional is highly advisable. A tax expert can provide personalized guidance and help you navigate the complexities of tax regulations associated with online gambling wins.

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