Tax on winning lottery, puzzle, card game, horse race
Section 194B of the Income Tax Act requires 30% TDS on lottery & game show winnings over Rs 10000, with an effective tax rate of %,
Tax On Winning Lottery, Game Shows & Online Gaming in India are lottery winnings tax free Section 194B of the Income Tax Act requires 30% TDS on lottery & game show winnings over Rs 10000, with an effective tax rate of %, arena poker Lottery winnings in India are not normally taxed as regular income; rather, they are subject to a fixed flat tax of 30% Section 194B of the
area slot 159 Reason for Tax-Free Status: The reasoning is that these winnings are typically considered a windfall gain and are not earned from an income-
Regular
price
157.00 ₹ INR
Regular
price
Sale
price
157.00 ₹ INR
Unit price
/
per