Latest TDS Rate Chart for FY 2023-24

tds on winning from lottery
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Under the provision of section 194B of the IT Act, 1961 the TDS rate for any income earned by way of winnings from crossword puzzles, lotteries,

New Section 194BA provide for TDS on net winnings in the user account at the end of the financial year In case there is withdrawal from user Under Section 194B of the Income Tax Act, 30 per cent tax is deducted on any prize money in excess of Rs 10000 and other winnings from games

richy witchy slot The rate of TDS applicable on income under Section 194B is 30% on the actual winning amount or value After considering surcharge and cess, the TDS has to be charged at the rate of 30% if the winner is resident of India, and at the rate of 30% along with cess