How much tax will pay on winning a Rs 1 Crore lottery in India?
How much tax will pay on winning a Rs 1 Crore lottery in India?
194A Interest that is earned apart from post office bank securities 10% ; 194B Income earned through the winnings from card games, lotteries, andor other
6 Section 194B Winnings from lotteries, crossword puzzles etc, Rs 10,000 ; 7 Section 194BB Winnings from Horse Races, Rs 10,000 ; 8 Section 194C · Payment to Note the absence of PAN will attract TDS at a rate of 20% unless any specific rate is mentioned TDS Return and the Associated Forms TDS return is a
potawatomi poker Under Section 194B of the Income Tax Act, 30 per cent tax is deducted on any prize money in excess of Rs 10000 and other winnings from games TDS Rates for Various Regular Payments ; Rent Payment by Individuals Over Rs 50,000 , 194IB, 5% ; Lottery & Other Types of Winnings, 194B, 30% ; Payment to
