Tax of Stake.com in India

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In India, winnings from online gambling platforms like Stake.com are subject to taxation under the Income Tax Act. Such earnings are categorized as "Income from Other Sources" and are taxed at a flat rate of 30%, plus applicable cess and surcharges. This taxation applies to your net winnings, which are calculated as the total amount won minus the amount wagered. For example, if you win ₹40,000 after wagering ₹1,000, your taxable net winnings would be ₹39,000.

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