Section 194B of Income Tax Act

rate of tds on lottery winning is
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TDS is withheld when money is received from winning lotteries, card games, quiz shows, card games, internet gaming, & dancing competitions,

Note: Tax shall be deducted at the rate provided under DTAA if same is lower than the existing TDS rate of 20% The rate of TDS shall be increased by applicable For example, on Rs 1 lakh prize money in a game show, in all likelihood, the organiser will deduct the flat rate of TDS at 30 per cent (

va lottery drawing However, if an individual wins Rs 9,999 in an offline game, no TDS would be deducted The TDS rate under both section 194B and 194BA is flat at The current rate of TDS under section 194B is 30% This means that if a person wins Rs 15,000 from a lottery or a card game, the person