TDS policy

Why does MyTeamPoker Deduct TDS?

In accordance with the government’s income tax policy, a tax deduction is implemented of various payment threshold limits. In the case of the gaming industry, a tax deduction of 30% on any amount of ₹10,000 or more is required to be implemented as per Section 194B of the Income Tax Act.

How is the TDS deduction calculated on MyTeamPoker?

MyTeamPoker implements a 30% TDS deduction when the winnings of the user are ₹10,000 or more. The TDS deduction is made during the transfer of the amount from the user’s MyTeamPoker wallet to his/her MyTeam11 wallet. The transferred amount will be credited after the TDS deduction.

The winnings of a user of MyTeamPoker are calculated as:

TDS calculation = Amount to be withdrawn MyTeamPoker wallet– Total deposits made from MyTeam11 wallet to MyTeamPoker wallet since last withdrawal

For example: If a user makes a deposit of ₹5000 to MyTeamPoker from MyTeam11 wallet, wins ₹20,000 & raises a transfer request of ₹20,000. Then his winnings will be calculated as:

TDS calculation = ₹20,000 – ₹5,000 = ₹15,000

As the winnings exceed the ₹10,000 limit, a TDS deduction of 30% will be implied on the user’s winnings of ₹15,000. After the deduction of 30% TDS, the remaining amount will be transferred to the user’s MyTeam11 wallet for withdrawal.

How and when will I get my TDS certificate?

MyTeamPoker shares TDS certificates with the users every quarter on their registered email addresses.

In case of any queries, the users can reach out to

What is the Difference between MyTeam11 wallet & MyTeamPoker wallet?

The MyTeamPoker wallet is specifically used for playing & winning on the MyTeamPoker app. However, all the deposits & withdrawals for MyTeamPoker wallet can only be carried out through the MyTeam11 wallet.