Tax on online gaming in India: Income Tax Implications

Income Tax including Tax Planning & Management 2022-23 income tax on lottery winnings in india TDS Rates Applicable for Resident of India for FY 2024-25 ; Section 194B: Income by way of lottery winnings, card games, income tax on lottery winnings in india As per the Income Tax rules, money won in a lottery or any competition is taxable You will have to pay a flat 30 per cent of the winning amount

income tax on lottery Under Section 194B of the Income Tax Act, TDS will be deducted when the income is earned from the winning lotteries, card games, quiz shows, card games,