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of <h1>Section 115BBJ establishes 30% tax rate on net winnings from online games effective April 2024</h1> Section 115BBJ of the Income Tax Act, 1961 establishes a special tax regime for online gaming winnings. Income tax on total income including online game winnings is calculated as the aggregate of: thirty percent tax on net winnings from online games computed as prescribed, plus income tax on remaining total income excluding such winnings. The provision defines online games as internet-based games accessible through computer resources including telecommunication devices. This section overrides other Act provisions and was inserted by Finance Act 2023, effective April 1, 2024.
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