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tds on winning from lottery   Dan tds on lottery income

Tax Deducted at Source ; Interest other than interest on securities, 194A, 10% ; Winnings from Lottery or crossword puzzles, 194B, 30%

What is Section 194B? If a person wins a lottery or onlineTV game shows and receives the prize in cash or as an item then it is taxable under Income from other The Income Tax Act contains provisions of TDS due to which 30% tax is deducted from their winnings and only the net amount is paid to the

legacy of kong slot TDS Rate under section 194BB is 30% plus surcharges The deduction is made at the time of payment If the prize is paid in installments, a TDS The prize money so distributed falls within the meaning of “winning from any card game and other game of any sort” and therefore, under section