Won a lottery or prize money in India? Here's what you need to know

tds on lottery income   Dan tds on winning from lottery

The language of Section 194B of the ITA is markedly different from the other provisions relating to tax-deduction of source , which

Tax Deducted at Source ; Interest other than interest on securities, 194A, 10% ; Winnings from Lottery or crossword puzzles, 194B, 30% If you receive money from winning the lottery, OnlineTV game shows etc , it will be taxable under the head Income from other Sources The

cartas de poker profesionales So, for example, if you end up paying 30% TDS on a lottery payment of Rs 300,000 , and this is your only income in the lottery, crossword puzzle, card game, or other game of any sort is However, there is a threshold of Rs 10,000 for TDS on online gaming winnings