Understanding Section 194B of the Income Tax Act

As per Section 194B of the Income Tax Act, the rate of TDS for lottery winnings is 30%, and health and education cess is charged on the

Understanding Section 194B of the Income Tax Act Section 194B, Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort, 30, 30 ; Section 194BA, Winning from Online

As per Section 194B of the Income Tax Act, the rate of TDS for lottery winnings is 30%, and health and education cess is charged on the

georgia lottery online games 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

As for NRIs, the tax rate starts from % depending upon the nature of winnings While for commission on sale of lottery tickets, one has to

rate of tds on lottery winning is Rules for Income Tax on Lottery Winnings or Game Show Income · In the case of winnings from horse races, income is taxable at % without any

40,000 , 10% 194A, Interest by others, Rs 5,000 , 10% 194B, Winning from Lotteries & Cross Word Puzzles, Card games and