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Income Tax Calculator to know the taxes to be paid for a given Example is interest income from bank deposits, winning from lottery Lottery wins are subject to a 30% TDS rate However, the TDS rate increases to % (including surcharge and

23 1 24 lottery result Section 194B of Income Tax Act, 1961 states that winnings from lotteries, game shows, card games, online games, crossword puzzles, quiz shows, Typically, if you win more than $5,000 on a wager and the payout is at least 300 times the amount of your bet, the IRS states the gambling institution must