Latest TDS Rates by Section Simplified Version
Section 194B: Income by way of winnings from lotteries, crossword puzzles, card Note: With effect from June 1, 2017 the rate of TDS would be 2% in case of
Income tax and lottery winners: This is the treatment by the taxman the rate of tds from winning from lottery
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Detailed Solution ; Type of Income TDS Rate ; Income by way of winning from horse race 30% TDS ; Insurance Commission, 5% TDS ; Rent of Plant & Machinery, 2% TDS
the lottery comic 194B Winnings of lotteries, puzzles, or games Aggregate of ₹ 10,000 ; 194BA Winnings from online Games - ; 194BB Winnings of horse races ₹ 10,000 ; 194C