TDS on Winning from Lottery
TDS on Winning from Lottery
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Payment of accumulated balance of provident fund which is taxable in the hands of an employee 10, NA Section 194B, Income by way of winnings from lotteries,
Payment of accumulated balance of provident fund which is taxable in the hands of an employee 10, NA Section 194B, Income by way of winnings from lotteries, Regarding the rate of TDS under Section 194B, it stands at 30% of the actual winning amount or value After factoring in the surcharge and cess,
who won the lottery yesterday 194A Interest 5000 ; 194B Winning from lotteries 10000 ; 194BB Winning from Horse race 10000 ; 194C Contractor-Single transaction- TDS Rates by IT Act Sections ; Section 194B, ₹ 10,000, 30% of prize money on lottery or gaming related winnings ; Section 194BB, ₹ 10,000, 30%
