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Rummy Circle Latest Way to Earn Money in Lakhs! FincashHere, Net Winnings = Total Withdrawal Total Deposit = ₹ 3000 ₹ 2024 = ₹ 1000; How is tax calculated on 'Net Winnings'? Tax is calculated at the rate of 30% of cumulative Net Winnings at the time of Withdrawal. Let's take the above example for reference. Here, the Net Winnings is ₹ 1000. Tax = 30% of ₹ 1000 = ₹ 300