How much tax will pay on winning a Rs 1 Crore lottery in India?

tds on winning from lottery   Dan tds on lottery income

TDS on Commission, etc on Sale of Lottery Tickets Who is TDS on Winning from Lottery, Crossword Puzzle, Card Game, Horse Races etc

Salary payments · Interest on securities · Dividend payments · Interest other than interest on securities · Winning from Lottery or Crossword Puzzle Section 194G deals with TDS on commission on sale of lottery tickets Income from sale of lottery tickets are covered by 194G, whereas winnings

saiboon slot Generally, the winner will receive the prize money after TDS at % us 194B is deducted That means the prize distributor will deduct the applicable tax on Ans: In the cases where TDS has been deducted on special income like winning from lottery or horse races etc, then filing of ITR-1 and 4 is not allowed So