As per the Income Tax Act 1961, if your individual net winnings for a single contest are more than Rs.10,000, tax of 31.2% will be deducted. The remaining amount (68.8%) will be credited to your winnings balance. For e.g. If you win Rs.1,00,000, tax of Rs.31,200 will be deducted and your actual winnings are Rs.68,800.