Section 194G Income Tax- TDS on Lottery Winnings

TDS Rates ; 194B, R, NR, FC, Income from lottery winnings, card games, crossword puzzles, and other games of any type, Aggregate income from lottery winnings,

Section 194B of the Income Tax Act mandates a % TDS on winnings exceeding ₹10,000 from lotteries, game shows, and other sources

tds on winning from lottery Section 194B mandates that earnings, in excess of ₹10000, from lotteries, game shows, betting, etc will attract TDS

tds on lottery income Generally, the winner will receive the prize money after TDS at % us 194B is deducted That means the prize distributor will deduct the applicable tax on