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.