Understanding Sec 194B: TDS on Lottery Winnings

tax on lottery winnings india
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lottery winnings are taxable Income Tax Rates Individuals with an annual income of more than Rs 5 lakhs are needed to pay income tax to the government on

Winnings from lotteries or crossword puzzles are subject to Tax Deduction at Source under sections 194B and 194G of the Income Tax Act  The levy of GST was on the face value of lottery tickets, including the prize money awarded to winners And, this has crippled the lottery industry by the

lotto new jersey lottery 10 lakh However, winning the prize requires you to pay taxes on your winnings If you win Rs 10 lakh, you will have to pay a 30 Pay through Easy Collect · ToolsCalculators · Apply Online · Interest Rates · Pay your Tax Online lottery winningscheap funds offers :RBI Advisory