Section 194B of Income Tax Act

Section 194B of the Income Tax Act requires 30% TDS on lottery & game show winnings over Rs 10000, with an effective tax rate of %,

Lottery winnings are considered ordinary taxable income for both federal and state tax purposes Winnings are taxed the same as wages or salaries are, and the

how to scan lottery ticket However, that's not all Lottery winnings also count as income, so by winning the jackpot, the ticketholder has been pushed into the 37% tax

how long does a poker game last The organiser deducts this from the prize money When do you pay betting and lottery tax? You have to pay betting and lottery tax if you: organise casino