Certainly, we encourage you to examine the Legality section on our website for further information.
LEVELUP11 is exclusively for individuals aged 18 and above. Those under 18 are not permitted to engage in or utilize the services and enjoyable features offered by LEVELUP11.
We deduct taxes at the source as required and remit them in accordance with the Income Tax Act of 1961. Winners will receive TDS certificates for these deductions, where applicable. However, you are responsible for paying any other applicable taxes, such as income tax or gift tax, on the cash prize winnings. If you have questions about taxation, we recommend consulting with a tax expert. Please refer to our Terms and Conditions for further details.
According to the provisions of the Income Tax Act 1961, if your winnings from a single contest exceed Rs.10,000, a tax rate of 31.2% will be applied. The remaining portion, which is 68.8%, will be credited to your winnings balance. For instance, if you win Rs.1,00,000, a tax deduction of Rs.31,200 will be made, leaving you with actual winnings of Rs.68,800.