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tds on winning from lottery

What is the TDS that is applicable on winning lottery and horse racing?

tds on winning from lottery

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tds on winning from lottery

website tds on winning from lottery Under Section 194B of the Income Tax Act, 30 per cent tax is deducted on any prize money in excess of Rs 10000 and other winnings from games tds on lottery 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

tds on winning from lottery 194B Winnings of lotteries, puzzles, or games Aggregate of ₹ 10,000 ; 194BA Winnings from online Games - ; 194BB Winnings of horse races ₹ 10,000 ; 194C   Section 194G deals with TDS on commission on sale of lottery tickets Income from sale of lottery tickets are covered by 194G, whereas winnings  5mo ago 30%+ cess income from gambling If you receive money from winning the lottery, OnlineTV game shows etc , it will be taxable under

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