VIP Terms and Conditions

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VIP T & C NEW | BLITZPOKER

1) Bonus Money/Cash will be credited instantly.

2) A player can redeem VIP Points at any point & there will be no expiration of points for active players.

3) Player can exchange VIP points worth maximum of 10Lacs in a month.

4) The minimum VIP points exchange which the player can do will be 5 VIP points

5) Players can use VIP Points to directly buy into tournaments.

6) All prizes like gadgets, cars, and travel packages are inclusive of TDS.

7) The car prize will be the on-road prices basis the player’s registered address.

8) All prizes are subject to availability at the time of claiming the prize & BLITZPOKER reserves the right to offer a similar valued product.

9) Players who do not log in for 90 days, their VIP Points will be reset to zero.

10) No Opt-in required all players can earn & exchange VIP Points.

11) Travel Package Details
a. Level 20 – Luxury Vacation for Couples – 3N | 4D (North Goa package with stay & return airfare)
b. Level 22 – A trip to Best Islands in Thailand – 5N | 6D (stay & travel included)
c. Level 27 – Return Airfare (Business Class) to Manila + INR 1,00,000 Real Cash
d. Level 28 – Barcelona Package for 2 Pax (Flights & Stay) – 7N | 8D
e. Level 30 – Soulmate Special – Lucerne, Interlaken & Zurich Holiday Package for 2 Pax– 6N | 7D (Stay & Flights)
f. Level 31 – Return Airfare to Nice (Monte Carlo) for 2 pax + INR 4,50,000 Real Cash
g. Level 33 – 3N | 4D Luxury Stay, Business Class return Airfare to Las Vegas for 2 Pax + INR 7,50,000 Real Cash
h. Level 34 – 3N | 4D Luxury Stay, Business Class return Airfare to Las Vegas for 2 Pax + INR 10,00,000 Real Cash

12) BLITZPOKER/ Pokerhigh/ SPARTAN holds the right to make changes in the current program without any prior intimation.

13) For Additional Terms & Conditions please refer to Legal terms and conditions.

 

Terms and Conditions for TDS:

1. BLITZPOKER, Pokerhigh and Spartan Poker are a part of the Quadnet Poker Network. Deposits and cash outs for all poker rooms on the network will be made by Quadnet Poker Network’s parent company Quadrific Media Pvt Ltd.

 

2. Withdrawals on BLITZPOKER/ Pokerhigh/ SPARTAN 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 from all the poker rooms will be added to calculate player’s TDS liability.

 

4. TDS will only be deducted on net winnings (Withdrawals till date – Deposits till date) from withdrawals during the financial year at the time of the withdrawal.

 

5. TDS will not be charged in case total withdrawal of player is less than Rs. 10,000 during the financial year. However, same shall be attracted in case total withdrawal of player is more than 10,000 during the Financial year

 

6. Examples:

a. Player deposited Rs 5,000 till date of cashout and are withdrawing Rs. 9,999; there shall be no TDS as this is your first withdrawal below 10,000. However, continuing the same example say on day 2 you put in a request to withdraw another Rs. 5,000 (your deposit till date being 5,000 and withdrawal till date being 9999) TDS shall be applicable at 30% on the full Rs.5,000 and net Rs. 3,500 shall be paid post deduction of TDS.

b. Assuming you have deposited Rs. 20,000 till date of withdrawal and the withdrawals prior to today’s request were Rs. 5,000. If the withdrawal request is for or up to Rs. 15,000 – no TDS shall be deducted; however, if you withdraw 25,000 – TDS shall be deducted on the differential Rs. 10,000 @ 30% which is Rs. 3,000

 

7. Once a player generates 40,000 VIP Points in the month, she/he is eligible for a TDS refund. As you generate more VIP Points, you will receive more benefits as a TDS refund.

 

a. When you generate 40,000 VIP Points – BLITZPOKER will refund 100% TDS amount (up to Rs. 2,50,000/- Lakhs per month) on your net winnings in the form of Bonus Money in your account.

b. When you generate 75,000 VIP Points – BLITZPOKER will refund 100% TDS amount (up to Rs. 5,00,000/- Lakhs per month) on your net winnings in the form of Bonus Money in your account.

 

For instance,

 

a. After generating 40,000 VIP Points (before reaching 75,000 VIP Points), if you take TDS refund of Rs. 1 Lakh Bonus Money, then you would be eligible for a TDS refund of the remaining Rs. 4 Lakhs (= Rs. 5 Lakhs – Rs. 1 Lakh) Bonus Money after you generate 75,000 VIP Points.

b. After generating 40,000 VIP Points, if you take TDS refund of Rs. 2.5 Lakhs Bonus Money, then you would be eligible for a TDS refund of the remaining Rs. 2.5 Lakhs (= Rs. 5 Lakhs – Rs. 2.5 Lakhs) Bonus Money after you generate 75,000 VIP Points.

c. After generating 40,000 VIP Points, if you don’t take any TDS refund till you generate 75,000 VIP Points, then you would be eligible for a TDS refund of Rs. 5 Lakhs Bonus Money after you generate 75,000 VIP Points.

 

8. A player will be eligible for the TDS refund only if she/he generates a minimum of 40,000 VIP Points in the month irrespective of her/his VIP Level at the time of Withdrawal.