1. The parent company Spartan Poker and FTR Poker is Quadrific Media Pvt Ltd, cash outs for both poker rooms will be made by the same company.
2. Withdrawals on Spartan Poker and FTR Poker are subject to withholding tax (TDS) as per applicable rates (i.e. 30% currently) which is submitted to the Indian tax authorities under section 194B of the Income Tax Act.
3. Cash outs will be made from both poker rooms on all Bank working days.
4. Cash outs from both poker rooms will be added to calculate player’s TDS liability.
5. TDS will only be deducted from qualifying withdrawals. It is calculated at the time of the withdrawal and is on the amount withdrawn in a single day IST (Indian Standard Time) from 04:00 PM to 03:59 PM in excess of Rs.10,000.
6. Please note that in case if a player is in a category of Elite on the date of withdrawal, Spartan Poker will bear TDS liability as may be applicable under the relevant act on your net winnings for the period.