The ease of internet access and the rise in the number of online betting options have certainly made this possible. Increasingly, Indians are looking at options to diversify their income and also engage in new hobbies from their homes. So the question is, do online betting earnings incur taxation in India? Is it taxed like regular income or does it fall under a separate tax bracket? That is what we will discuss in this article.
Following an increasing internet penetration in India, more and more Indians are beginning to make use of so-called online betting sites which allow users to place bets on popular sporting events from India and around the world and potentially win money.Īs with all activities that have an element of income-earning potential, the inevitable questions of taxation arise.Īlthough online betting is mostly just a hobby which is practised for purposes of entertainment, it is theoretically possible to earn money through online betting, and some professional players do actually manage to earn a living through this activity.
