Your 30% TDS will be paid by us this means Vision11 platform is now TDS free*
On Other Apps: If you withdraw ₹1000 and you have 30% Tax liability, you will get ₹700 in your respective bank account and the remaining ₹300 will be paid to the government as 30% TDS tax.
Important Update:
Suppose you have a net profit of ₹1000 by playing a contest on Vision11 and you want to withdraw it. When you withdraw ₹1000 and you have a 30% tax liability, you will receive ₹700 in your bank account, and 30% (₹300) TDS will be paid by Vision11 to the government. Additionally, Vision11 will credit ₹300 to your Discount Points Value.
The extra 30% TDS refund into Discount Points Value will be provided only for your first 3 TDS liability withdrawals each month. Withdrawals beyond the third TDS liability withdrawal in a month will not be eligible for this additional Discount Points Value credit.
The Discount Points Value credited as TDS refund must be used within 14 days, otherwise it will expire automatically.
Vision11 reserves the right to modify or terminate this offer at any time without prior notice.
Note :- Discount points will not be credited towards the deduction of TDS at the end of the financial year.