Section 194G Income Tax- TDS on Lottery Winnings

Section 194G Income Tax- TDS on Lottery Winnings winning from lottery tds rate TDS is withheld when money is received from winning lotteries, card games, quiz shows, card games, internet gaming, & dancing competitions, winning numbers for georgia lottery TDS Rates ; Section 194 B · Rs 10,000 30% prize money earned from lottery or and any winning in gaming ; Section 194BB, Rs 10,000 30% of prize money from horse

winning numbers for georgia lottery There is no fixed rate for TDS deduction; it varies as per the nature of the transaction For example, in the case of salary payment, TDS is deducted as per the

winning lottery tickets TDS Rates for Various Regular Payments ; Rent Payment by Individuals Over Rs 50,000 , 194IB, 5% ; Lottery & Other Types of Winnings, 194B, 30% ; Payment to 194B, R,NR,FC, Income from lottery winnings, card games, crossword puzzles etc Aggregate income from such activities-10000, 30