Income Tax on Lottery Winnings and Game Shows

tds on lottery   Dan tds on lottery

Income from winnings of a lottery, horse race, gambling, etc under Amount of TDS deducted on income at ; TDS apportioned in the

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 If you have won a lottery, get prepared for a huge TDS of 30 per cent This is if the amount of lottery ticket won is more then Rs 10,000 Apart

258av Threshold limit under section 194B and 194BB (horse racing in any It is applicable on winning fromlotteries,crossword puzzles,card game and other game of any sort, races including horse races,Cutoff is Rs