What are the revenue streams of online gamers and how are they taxed?

What are the revenue streams of online gamers and how are they taxed?

Online gaming industry in India has seen unprecedented growth in the past few years. There are various types of online gaming that generate income. The taxation of such revenue varies depending on the nature of income and is based on various factors. Professional streamers earn from the streaming platform based upon the number of views. Winnings from real money online games are taxable at a flat rate of 31.2%. Joining bonuses and referral bonuses are not taxable under section 115BB of the Act. In the case of individuals, no tax is payable if income is below the maximum amount chargeable to tax i.e., ₹2.5 lakh.

Neeraj Agarwala is partner at Nangia Andersen India.

What are the revenue streams of online gamers and how are they taxed? Neetu Brahma, manager, Nangia Andersen India contributed to this article.

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