Vision11 TDS Free (100%) Rule: Hello guys, I hope all of you are doing extremely well in your life. Last year every fantasy app started the TDS rule and because of this many users stopped playing fantasy cricket. But now many apps, including Vision11, come with some new and exciting features. Today in this article, I am going to discuss about Vision11 TDS Free rule and how it works in depth. So read this whole article.
Almost 5 years ago, Vision11 launched in India. At that time, not many people were aware of this app. But then it started getting better day by day. Like many of you, my favourite fantasy app is also Vision11. There are many reasons behind this. This app is the official sponsor of my favourite IPL Team CSK, along with a few other cricketers, Mr IPL Suresh Raina is the brand ambassador of this Vision11 app. Also, if you compare Vision11 with other top fantasy apps, then you will find out that it comes with the lowest entry fees and the highest signup bonus offers. What else do you need more?
30% TDS Rule
From 1st April 2023, the new Indian Tax rule has started. Now we all have to pay 30% TDS whenever we withdraw our winning balance as a fantasy player. Let’s suppose you have joined some fantasy contest and you won ₹1000. Then when you withdraw the money from your winning balance only ₹700 will be credited to your Bank account and the remaining ₹300 will be paid to the government as 30% TDS tax. This is how it works for all online games in India.
What I have noticed it before this rule fantasy cricket in India was growing rapidly in India. And not only fantasy games, but other online games were also getting bigger and bigger. But due to this rule, many users started moving from here or stopped playing because they thought it would be their loss.
Since July, many online gaming apps started offering some good offers to their new and existing users. Their ultimate goal was to get back their high investor users who used to deposit higher amounts and play games regularly. In short, the new Vision11 TDS Free (100%) rule is company will give the TDS amount back to your deposit wallet or discount point value so that you won’t face a lot of loss while playing games online. Let’s read the below paragraph to understand it better.
Vision11 TDS Free Rule
You can only play fantasy games in Vision11. There are multiple contests in it like Head-to-Head, Grand League, Small League etc. Now let’s suppose you have joined a contest and from that, you won ₹1000 on Vision11. If you want to withdraw this amount (₹1000) then you have to pay 30% or ₹300 to the Indian Government as 30% TDS Tax rule. So it means, your account will be credited with ₹700 only.
Now what Vision11 does is they will give back this 30% TDS amount to you as a discount point value. This is how it works. Now whenever you join another contest you can use a portion of the discount point value that you got from the 30% TDS Tax rule by Vision11. Also, remember that if you won’t use your 30% TDS amount provided by Vision11 then it will automatically expire within the next 90 days.
Also Read: Best Refer and Earn Fantasy Apps in India
Discount Points Value vs Cash Reward
The money that you have to pay to the Indian Government during winning balance withdrawal time as a 30% TDS Tax rule will be paid back to you by Vision11 as a discount points value. When you tap on the wallet icon on the Vision11 app there will be two sections under the Points tab. One is ‘Discount Points Value’ and the other one is called ‘Cash Reward‘. You can use the discount points value to join contests whereas ‘cash reward’ can only be used to join MEGA GL or Mega Grand League contests in the Vision11 app.
How To Withdraw Money from Vision11
You have to complete KYC before withdrawing your funds from Vision11. There are two types of withdrawal options in this app. Such as ‘Instant Withdrawal‘ and ‘Normal Withdrawal’. The minimum withdrawal limit is ₹100 and the maximum that you can withdraw in a day is ₹50,000. For withdrawal of any amount, you have to pay ₹10 per transaction charge. Vision11 claims that they will deposit your money instantly or within 30 minutes to your registered bank account.
