Understanding Sec 194B: TDS on Lottery Winnings

Income Tax Slabs FY 2023-24, 2024-25 income tax on lottery winnings in india
➡️【Mk.com】✅कैसीनो और प्रमोशन✅·मिस्टिक प्रमोशन®·मिस्टिक गेमिंग·बिंगो·ब्लैकजैक·इलेक्ट्रॉनिक टेबल गेम्स। रोमांचक इंटरैक्टिव टेबल गेम आज़माएं, ✅  The esports organizations on winning any esports tournaments are subjected to pay fixed flat tax of 30 percent under Section 194B of the Income income from lottery This brings the total tax on game show winnings to % An additional 10% surcharge is also applicable on the winning amount if the amount is more than Rs 10

income tax on lottery winnings in india Note: Here, the income is taxed without any basic exemption limit Who Should Pay Income Tax On The Prize Money? Any prize money received is taxable in the