Tax on Winning Game Shows and Lotteries
Tax on Winning Game Shows and Lotteries
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The TDS applicable on winning from lotteries under Section 194B of Income Tax Act 1961 for 6 the Assessment Year 2018-19 is 30%
The entire amount received will be taxable at the flat rate of % The award winner would have Rs crores in their bank account after Rate chart for the Financial Year 2017-2018 ; Section 194B: Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort
kerala lottery result nr351 TDS RATES Section 192: Payment of salary As per the Income Tax Slab rate Section 194B: Income by way of winnings from lotteries, crossword puzzles The flat tax rate under TDS Section 194B is 30% Deduction under section 80C or 80D or any other kind of deduction or allowance is not applied to this income
