What is the TDS that is applicable on winning lottery and horse racing?

tds on lottery
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If the person received any income from the sale of lottery tickets in Section 194G then TDS will be deducted if the amount exceeds

Assessee in default: TDS: Ss 194B and 201: A Ys 2001-02 and 2002-03: Non-deduction of TDS from lottery winnings in kind: Assessee not in default: Not liable

tds on lottery Lottery wins are subject to a 30% TDS rate However, the TDS rate increases to % (including surcharge and

tds on lottery income As per section 194B of the income tax act, all the winnings over and above Rs 10,000 will be subject to a TDS of 30% With cess and surcharge,