What is TDS - TDS Full Form, Meaning, Rates & Due Date

What is TDS - TDS Full Form, Meaning, Rates & Due Date tds on lottery income Tax Deducted at Source ; Interest other than interest on securities, 194A, 10% ; Winnings from Lottery or crossword puzzles, 194B, 30% tds on lottery 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

tds on lottery No Deduction in respect of section 80 is allowed, say deduction us 80C to 80U are not allowed No expenses are allowed against such Income Aplicability of TDS

tds on lottery income Lottery wins are subject to a 30% TDS rate However, the TDS rate increases to % (including surcharge and Section 194B mandates that earnings, in excess of ₹10000, from lotteries, game shows, betting, etc will attract TDS