Section 194B of Income Tax

the rate of tds from winning from lottery
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However, on the quiz show winning amount winnings of Rs 10 lakh, a rate of % will be applicable at source So, the TDS will be Rs 3,12,000

194A Interest that is earned apart from post office bank securities 10% ; 194B Income earned through the winnings from card games, lotteries, andor other Also, the taxation of such winnings in the hands of individual players were governed by section 115BB of the Act which provided a tax rate of 30

hoosier lottery scratch off tickets 15,000 from a lottery or a card game, the person responsible for paying the winnings must deduct Rs 4,500 as TDS and pay In India, lottery winnings are subject to a tax deduction at source of 30% if the amount of the winning exceeds Rs 10,000 Therefore, if