Income Tax on winnings from Lottery, Game Shows, Puzzle

rate of tds on lottery winning is
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194B, Winning from lottery crossword puzzle, 10,000, 30%

However, currently, TDS is deducted at 30% on net winnings without any threshold limit As per Rule 133, net winning is computed in the

rated slot Section 194G of the Income Tax Act deals with TDS on income earned from lottery tickets It requires a 5% TDS deduction on such income

lottery number michigan However, the rate of tax remains the same 30% Consequential amendment to Section 115BB has also been proposed to exclude winnings from