TDS Rates issued for FY 2024-25

rate of tds on lottery winning is
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All the deducted TDS gives you tax credits and reduces your tax liability So, for example, if you end up paying 30% TDS on a lottery payment of Rs 300,000 (

Tax is deducted at the rate of 30% on the amount of winnings from the aforementioned activities 6 Is surcharge and cess applicable on the 194B, R,NR,FC, Income from lottery winnings, card games, crossword puzzles etc Aggregate income from such activities-10000, 30

new free slot machines with free spins 194A Interest 5000 ; 194B Winning from lotteries 10000 ; 194BB Winning from Horse race 10000 ; 194C Contractor-Single transaction- All the deducted TDS gives you tax credits and reduces your tax liability So, for example, if you end up paying 30% TDS on a lottery payment of Rs 300,000 (