Income tax and lottery winners: This is the treatment by the taxman

Income tax and lottery winners: This is the treatment by the taxman lottery tds section TDS section 194B, TDS on winnings from Lottery, TDS on Crossword puzzle, and TDS on online gaming Sign up to discover human stories that lottery daily 4 Section 194A: Income by way of interest other than Interest on securities 10 ; Section 194B: Income by way of winnings from lotteries, crossword puzzles, card

lottery daily 4 Section 194G of the Income Tax Act of 1961 deals with Tax Deducted at Source on commission, salary, or prize money earned from the

lottery sambad kerala state 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  Commission earned by selling lottery tickets, Section 194G, 5% ; Earnings from horse race gambling, Section 194BB, 30% ; Dividend income except earnings mentioned