KHELOMAX TERMS OF USE
Khelomax Platform Introduction
Your use of the products and/or services presently available or to be made available in the future by Khelomax Gaming Private Limited with CIN U74900HR2015PTC076967, its business partners, licensors, its subsidiaries, affiliates, and confederates is subject to and regulated by these Terms of Use.
You explicitly and implicitly understand that the Terms of Use stated here will be binding on you. You agree that all or any products and/or services offered on Khelomax.com Platform can be used only in agreement with the Terms of Use, and you shall be responsible to act in accordance with the Terms of Use at all times. The onus of reading, understanding, and agreeing to the Terms of Use published by Khelomax.com always lies with you. If, at any point in time, any of the Terms of Use are regulated to be null, prohibited, unsound, or unenforceable by any judgment by any judicial or quasi-judicial body in India, it will not impact the applicability and compliance of any of the remaining Terms.
If Khelomax.com fails to or postpones action to exercise any right or remedy with respect to a breach of any of the Terms of Use by you, this failure or delay shall not be understood as a waiver of our right to act with respect to the said breach or any prior, concurrent, subsequent, or similar breaches. All products, programs, marketing events, promotions, contests, and tournaments offered or run by us on Khelomax.com shall be governed by the Terms of Use and any annexures provided in the “Terms and Conditions” section specified for that product, program, service, marketing event, promotion, contest, and tournament.
Applicability
Before you register with us, you must read and understand all the TERMS OF USE specified on the Khelomax.com Platform; and all rules, limitations, and restrictions that apply to the product, tournaments, promotions, and contests offered on the Khelomax.com Platform.
For your ease, we provide you with links to each section separately; however, you are bound by terms stated in each section and all the sections collectively.
Khelomax Player Age and Legality
The product and/or services, including playing of free and Real Money Games, is restricted to persons who are 18 years of age or older and are bona fide residents of India, except for the states of Andhra Pradesh, Assam, Nagaland, Odisha, Sikkim, and Telangana. We may limit access to our product and/or services at our discretion. By reading this document, you confirm that you are not accessing our product and/or services from anywhere in the state of Andhra Pradesh, state of Assam, state of Nagaland, state of Odisha, state of Sikkim, state of Telangana, or outside India.
TDS Policy
The Finance Act 2023 added a new section, 194BA, to the Income-tax Act, 1961, starting from 1 April 2023. We are required to deduct TDS from players’ accounts based on their Net Winnings. Following events act as TDS events:
- Any withdrawal done during the year
- Final calculation done at the end of the fiscal year
TDS is always calculated on Net Winnings and will be deducted at the rate of 30% of Net Winnings. If aggregate Net Winnings are less than ₹100 in a fiscal year, then no TDS is deducted.
The formula for calculating Net Winnings is given below:
Formula for calculating net winnings comprised in the first withdrawal:
Net winnings = A – (B + C)
A: Amount withdrawn from the user account
B: Aggregate amount of deposit made by the user during the financial year, till the time of such withdrawal
C: Opening balance of the user account at the beginning of the financial year
Formula for calculating net winnings in each subsequent withdrawal:
Net winnings = A – (B + C + E)
A: Aggregate amount withdrawn from the user account during the financial year till the time of subsequent withdrawal, including the amount of such subsequent withdrawal
B: Aggregate amount of deposit made by the user during the financial year, till the time of such subsequent withdrawal
C: Opening balance of the user account at the beginning of the financial year
E: Net winnings comprised in the earlier withdrawal or withdrawals during the financial year till the time of subsequent withdrawal
Net winnings comprised in the user account at the end of the financial year:
Net winnings = (A + D) – (B + C + E)
A = Aggregate amount withdrawn from the user account during the financial year
B = Aggregate amount of deposit made by the user during the financial year
C = Opening balance of the user account at the beginning of the financial year;
D = Closing balance of the user account at the end of the financial year; and
E = Net winnings comprised in the earlier withdrawal or withdrawals
Illustrations
Scenario 1:
On March 30, 2023, you have ₹20,000 in your account. You choose to withdraw this amount on April 10, 2023.
On April 1, 2023, the ₹20,000 in your account is identified as C, your account’s opening balance for the year. This amount is taken into account in the income tax deduction calculation.
The calculation for net winnings is defined as A – (B + C), where:
A: The amount you’re withdrawing from your account, which is ₹20,000 in this case.
B: The total deposit you made during the financial year up to the time of withdrawal. In this case, B is ₹0 as no deposit is made during the financial year.
C: Your account’s opening balance at the start of the financial year, which is ₹20,000 in this case.
Hence, your net winnings = ₹20,000 – (₹0 + ₹20,000) = ₹0.
Therefore, no income tax will be deducted since your net winnings total ₹0.
| Parameter | Definition | Amount |
|---|---|---|
| A | The amount you’re withdrawing from your account. | ₹20,000 |
| B | The total deposit you made during the financial year up to the time of withdrawal. | ₹0 |
| C | Your account’s opening balance at the start of the financial year (which was also the balance of your account on April 1, 2023). | ₹20,000 |
| Net Winnings | Calculated by the formula A – (B + C). | ₹0 |
| Income Tax | Applicable income tax. As net winnings are ₹0, no income tax will be deducted. | ₹0 |
Scenario 2
On April 1, 2023, your account has an opening balance of ₹10,000 (C). During the financial year, you make two deposits: the first one of ₹2,000 and the second one of ₹4,000, totaling to ₹6,000 (B). You win some games and your wallet balance increases to ₹17,000. Later, you decide to withdraw ₹17,000 (A).
The formula to calculate your net winnings is defined as A – (B + C + E).
E represents the net winnings from previous withdrawals during the financial year up until the time of the current withdrawal. In this scenario, E is ₹0 because this is your first withdrawal of the financial year.
So, the calculation of your net winnings goes as follows:
Net Winnings = ₹17,000 – (₹6,000 + ₹10,000 + ₹0) = ₹1,000
Therefore, your net winnings total to ₹1,000.
The TDS (Tax Deducted at Source) applicable on your net winnings is calculated at a rate of 30%. Hence, the TDS on your net winnings would be:
TDS = 30% of ₹1,000 = ₹300
This means ₹300 will be deducted from your net winnings as tax.
| Parameter | Definition | Amount |
|---|---|---|
| A | Total amount withdrawn from the user account during the financial year till the time of subsequent withdrawal. | ₹17,000 |
| B | Total amount of deposit made by the user during the financial year, till the time of such subsequent withdrawal. | ₹6,000 |
| C | Opening balance of the user account at the beginning of the financial year. | ₹10,000 |
| E | Net winnings comprised in the earlier withdrawal or withdrawals during the financial year till the time of subsequent withdrawal. | ₹0 |
| Net Winnings | Calculated by the formula A – (B + C + E). | ₹1,000 |
| TDS at 30% | Calculated by taking 30% of the net winnings. | ₹300 |
Scenario 3
Continuing from Scenario 2, you then make an additional deposit of ₹5,000, increasing your total deposits for the year (B) to ₹11,000. You subsequently withdraw another ₹5,000, bringing the total amount withdrawn (A) to ₹22,000.
Since you’ve already made a withdrawal earlier, E now represents the net winnings from the previous withdrawal on which TDS was deducted, which is ₹1,000.
So, the calculation of your net winnings for the second withdrawal would be:
Net Winnings = ₹22,000 (A) – (₹11,000 (B) + ₹10,000 (C) + ₹1,000 (E)) = ₹0
Since your net winnings total ₹0, no additional TDS will be deducted at this point.
| Parameter | Definition | Amount |
|---|---|---|
| A | Total amount withdrawn from the user account during the financial year till the time |
GST on Deposits
- Effective from October 1, 2023: A 28% GST will be levied on all player deposits.
- Inclusive of Margin: Deposits are inclusive of any margin payable to Rummy Passion.
- Invoice: GST-compliant invoices can be obtained from the View Transactions screen on the Rummy Passion app or web app.
User Account Creation
- Registration: Completion of registration confirms acceptance of the Terms of Use.
- Information Required: Includes legal name, age, gender, email address, and mobile number.
- Verification: You must provide accurate information and documentation when requested. Failure to do so may lead to account suspension.
Dormant Accounts
- Inactive for 365 Days: Accounts become ‘Dormant’ and funds may be forfeited.
- Reactivation: Accounts can be reactivated by depositing or playing cash games.
Responsible Gaming
- Encouragement: Players are encouraged to play responsibly and can set limits on their gameplay.
Personal Information Protection
- Responsibility: Users must protect their login details and are responsible for any misuse.
Bonuses and Promotions
- Terms and Conditions: Must be read and accepted before claiming bonuses or participating in promotions.
Account Verification and Authentication
- Verification: May include phone calls or emails. Failure to verify can lead to account suspension.
User Constraints
- Prohibited Actions: Includes cheating, collusion, fraudulent behavior, and unauthorized content.
Complaint Redressal
- Contact: Queries can be addressed to customer service, with escalation options available.
Balance Types
- Deposit Balance: Non-withdrawable; used for playing games.
- Win Balance: Withdrawable; consists of winnings.
- Bonus Balance: Non-withdrawable; used according to bonus policy.
Deposits and Withdrawals
- Deposits: Must be made through the user account. Processing is subject to third-party payment gateway operations.
- Withdrawals: Free and typically processed within 24 hours, subject to verification.
Platform Fees
- Fees: Platform fees range from 9% to 17% of the prize pool and are deducted automatically.
Interruption of Service
- Responsibility: RummyPassion.com is not liable for issues due to external disruptions or technical problems.
Violation of Terms
- Consequences: May include account cancellation, forfeiture of funds, and legal action.
Modifications to Terms
- Updates: Terms can be updated, and users are responsible for staying informed.
Disclaimer
- Accuracy: Information is provided “as is,” and RummyPassion.com is not liable for errors or issues beyond its control.
Dispute Resolution
- Jurisdiction: Disputes will be subject to the civil courts at Chandigarh, India.
If you have any specific questions or need further clarification on any point, feel free to ask!