TDS Rate Chart for FY 2024-2025

tds on lottery
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TDS was only applicable in cases where the winnings exceeded Rs 10,000 Also, the taxation of such winnings in the hands of individual players

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

tds on winning from lottery Lottery Winnings 30,000 9,180 Long-term Capital Loss 10,000 — He TDS on Lottery Income @ 30% of j− 30,000 9,000 Tax to be deducted j

tds on lottery According to per him, as per the dictionary, lottery means arrangement for distributing prizes by chance among purchasers of tickets He further noted that