How to pay taxes on stake gambling profit ? : rIndiaTax

Latest TDS Rate Chart for FY 2023-24 tds on winning from lottery As per Section 194B, a person responsible for paying winnings of lotteries, crossword puzzles and other similar games must deduct income tax tds on lottery Generally, the winner will receive the prize money after TDS at % us 194B is deducted That means the prize distributor will deduct the applicable tax on

tds on winning from lottery TDS Rates for Various Regular Payments ; Rent Payment by Individuals Over Rs 50,000 , 194IB, 5% ; Lottery & Other Types of Winnings, 194B, 30% ; Payment to