Gambling and Lottery Winnings
With so many people betting on their favorite “studs” to win money, the intervention of Income Tax Law has surely not been far behind This
TDS and Income Tax rates on winnings from Lottery and Game Shows winning from lottery income tax section
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Lottery wins are subject to a 30% TDS rate However, the TDS rate increases to % (including surcharge and
winning fl lottery numbers Income from sale of lottery tickets are covered by 194G, whereas winnings from lottery tickets are covered by 194B If a lottery ticket
Regular
price
118.00 ₹ INR
Regular
price
Sale
price
118.00 ₹ INR
Unit price
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per