https://www.taxtmi.com/article/detailed?id=9848 Winnings from online betting are taxable under a distinct flat-rate regime with cess; such income does not qualify for personal exemptions, deductions or slab rates. Betting platforms must deduct tax at source on qualifying payouts and compute and remit tax on in-kind prizes based on market value, with bettors required to report the income and claim TDS credit when filing returns. en-us Thu, 17 Jun 2021 11:02:20 +0530 Thu, 17 Jun 2021 11:02:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9848 Winnings from online betting are taxable under a distinct flat-rate regime with cess; such income does not qualify for personal exemptions, deductions or slab rates. Betting platforms must deduct tax at source on qualifying payouts and compute and remit tax on in-kind prizes based on market value, with bettors required to report the income and claim TDS credit when filing returns. Articles Income Tax Thu, 17 Jun 2021 11:02:20 +0530 https://www.taxtmi.com/article/detailed?id=9848