Latest TDS Rate Chart for FY 2023-24

lottery tds rate
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TDS @ 30% will be deducted from such winnings Rule 133 was introduced, providing clarity in the computation of net winnings in online games

All the deducted TDS gives you tax credits and reduces your tax liability So, for example, if you end up paying 30% TDS on a lottery payment of Rs 300,000 TDS Rate Chart for FY 2023-24 ; 194B, Income from lotteries, crossword puzzles, card games and any other games involved in gambling or betting, 10%

lottery coupon The flat tax rate under TDS Section 194B is 30% Deduction under section 80C or 80D or any other kind of deduction or allowance is not applied to this income  Under the provision of section 194B of the IT Act, 1961 the TDS rate for any income earned by way of winnings from crossword puzzles, lotteries,