TDS on Prize, Betting, Lottery Wining

rate of tds on lottery winning is
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Section 194G of the Income Tax Act, 1961 lays down the provisions for deduction of TDS at the rate of 5% when there is receipt of: Commission;; Remuneration; or

TDS Rates Applicable for Resident of India for FY 2024-25 ; Section 194B: Income by way of lottery winnings, card games,

rate of tds on lottery winning is TDS Applicability on Lottery or Game Show Income:** >If prize money exceeds Rs 10000, TDS at % under section 194B is…

kerala lottery result number To sum it up, the actual winning amount or value is subject to a 30% TDS rate under Section 194B The relevant tax that is withheld at