TDS and Income Tax rates on winnings from Lottery and Game Shows

winning from lottery tds rate
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Salary payments · Interest on securities · Dividend payments · Interest other than interest on securities · Winning from Lottery or Crossword Puzzle

TDS Rate: The TDS rate for lottery winnings is 30% us 194B of the winning amount For game show TDS Rate Under Section 206AB · 5% TDS, or · Double the current rate, or · Double the rate mentioned in the relevant TDS sections, whichever is more

infinix hot 11 price in nigeria slot As per section 194B tax need to be deducted at flat 30% plus cess of 4% at % Extract of Section 194B – “Winnings from lottery or 194A Interest that is earned apart from post office bank securities 10% ; 194B Income earned through the winnings from card games, lotteries, andor other