© 2021 First Stock Contest
How can we help you?
31.2% TDS will be deducted from the winning amount, if the winnings are ₹10,000 or more in a single contest.
The remaining amount (Post tax deductions) will be credited to your Rainmaker account as your “winning”. Since TDS is already deducted from your winnings, NO additional tax is deducted when you place a withdrawal request. You will also get a TDS certificate ONLY if you’ve verified your PAN card on Rainmaker.
Our obligation in this regard is limited to deducting TDS as applicable and providing you an appropriate certificate of tax deduction (if PAN is updated). We neither advise you nor shall in any manner be responsible for your individual tax matters or any balance tax liabilities.