Won a lottery or prize money in India? Here's what you need to know

tds on winning from lottery
➡️【Mk.com】✅Bet 10 rupees✅ and get 100 free spins✅. Play casino, live dealer and slots at Casino. 18+ terms and conditions apply. ✅  Any money or prize you win from a game show, reality show or lottery, is subject to tax deduction at source The Income Tax Act, 1961 specifies in Section tds on lottery TDS Rates Applicable for Resident of India for FY 2024-25 ; Section 194B: Income by way of lottery winnings, card games,

tds on winning from 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  Winnings from lotteries, quiz shows, card games, internet gambling, and dancing contests are subject to tax withholding under Section 194B  TDS on prizes & winnings TDS under Section 194B is applicable on income from lottery, betting, gambling, etc If the income exceeds INR 10,000

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