Tax Deducted at Source : What is TDS, Meaning, Rates

rate of tds on lottery winning is
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10,000, under section 194 , TDS will be deducted at the time of distribution of income Tax Slab Rates Old vs New Tax Regime 10 Big Income Tax Rule

TDS Rates ; Section 194 B · Rs 10,000 30% prize money earned from lottery or and any winning in gaming ; Section 194BB, Rs 10,000 30% of prize money from horse If the employer does not deduct TDS, the employee is liable to pay the Income Tax due as per Section 192 Further, when TDS is not deducted and

slot software However, currently, TDS is deducted at 30% on net winnings without any threshold limit As per Rule 133, net winning is computed in the Online gaming is in trend these days and many persons win through online game and puzzles