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Winning from online betting on sports

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 July 2017 Sir/Madam,
I was received in bank rs 30000 by investing rs 20000 in online betting site and all transactions done through saving bank account.it attract any tax .if yes what is tax amount.
Please tell full details
Thanks in advance....
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
09 July 2017 all betting income is taxed maximum tax rate ie 30.9%.
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Querist : Anonymous

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Querist : Anonymous (Querist)
10 July 2017 Thanks for reply...I can pay on profit (10000) or on winning (30000)
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