Section 194B of Income Tax Act, 1961 - TDS

tds on lottery
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TDS Rates Applicable for Resident of India for FY 2024-25 ; Section 194B: Income by way of lottery winnings, card games,

Salary payments · Interest on securities · Dividend payments · Interest other than interest on securities · Winning from Lottery or Crossword Puzzle

tds on lottery income , No, the TDS paid for winnings from lotteries and game shows are non-refundable Usually, taxpayers can claim a refund if the TDS deduction is more than

tds on lottery 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