Section 194B of Income Tax
Section 194B of Income Tax
Regular
price
130.00 ₹ INR
Regular
price
Sale
price
130.00 ₹ INR
Unit price
/
per
tds on lottery Dan tds on winning from lottery
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No surcharge or health or education cess has to be added to the rate of 30% However, the deductor shall deduct TDS on winning from lottery or crossword puzzles
At present, a 30 per cent tax deducted at source is levied from those who arrive at lottery offices directly to TDS Rate Chart ; Commission earned by selling lottery tickets, Section 194G, 5% ; Earnings from horse race gambling, Section 194BB, 30% ; Dividend income except
app for checking lottery tickets The Tax Deduction at Source will be applicable to the lottery prize winners who win more than Rs 10000 altogether through the lottery Deduction of tax at source on winnings mandates that taxes are deducted before prize money is distributed to winner