Income tax payable on winnings from online, offline games of chance

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

Your winnings are considered taxable and are added to your ordinary income when taxes are calculated If your earnings are big enough, they can

ny winning lottery numbers past Shareholders, partners, or members in pass-through entities receiving income from gambling or lottery activities are subject to personal income tax on their

rajshree 20 mangal weekly lottery No, winnings are taxed at a flat rate of % They are not taxed at the tax slab rate of the individual Q- When will awards be tax-free?