TDS on Prize, Betting, Lottery Wining

the rate of tds from winning from lottery
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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

In India, lottery winnings are subject to a tax deduction at source of 30% if the amount of the winning exceeds Rs 10,000 Therefore, if 194B Winnings of lotteries, puzzles, or games Aggregate of ₹ 10,000 ; 194BA Winnings from online Games - ; 194BB Winnings of horse races ₹ 10,000 ; 194C

single long slot toaster 15,000 from a lottery or a card game, the person responsible for paying the winnings must deduct Rs 4,500 as TDS and pay There is no fixed rate for TDS deduction; it varies as per the nature of the transaction For example, in the case of salary payment, TDS is deducted as per the