Section 194B of Income Tax Act

Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37%

shall attract a TDS rate of 30%, irrespective of the income tax bracket of the winner Moreover, the winnings cannot be clubbed with the

lottery sambad 21 12 2023 TDS Rate: The TDS rate for lottery winnings is 30% us 194B of the winning amount For game show

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