Setting Up Tax Deducted at Source , as per the Provisions of

Regarding the rate of TDS under Section 194B, it stands at 30% of the actual winning amount or value After factoring in the surcharge and cess,

10,000 shall, deduct income-tax thereon at the rates in force Therefore, no tax is be deducted where the amount of winning from each lottery, crossword puzzle,

the lottery audio book The TDS of % is a flat tax on the winning amount; it will not be added to your income and you will not be able to benefit from your income tax rate slab

the wave daily lottery If you have income from winning a lottery, crossword puzzle, card game, gambling, betting, or horse race, TDS is deducted under Section 194B or 194BB if the