Section 194B of Income Tax

income tax on lottery winnings in india
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income tax on prizes, wherever applicable, is deducted at source and that the prize money is credited to the bank account of the prize winner

Overview of Lottery Tax in India In India, lottery winnings are subject to taxation under Section 194B of the Income Tax Act, 1961 This

income tax on lottery As per section 194B of the income tax act, all the winnings over and above Rs 10,000 will be subject to a TDS of 30% With cess and surcharge,

income tax on lottery winnings As per the Income Tax rules, money won in a lottery or any competition is taxable You will have to pay a flat 30 per cent of the winning amount