According to the new Govt. Tax (TDS) law, effective 1st April 2023, TDS is deducted at 30% of your net winnings, at the time of withdrawal.
E.g, if you place a withdrawal of Rs. 100, an amount of Rs. 30 (i.e. 30% of Rs. 100) will be deducted as TDS and Rs. 70 will be credited to your verified bank account.
Please note: TDS is applicable only on the taxable amount.
We recommend that you go through the Government notification attached at the bottom for complete details on this new TDS law.
You can also refer to this Times Of India article to get a simplified version of these TDS changes.