Step-by-Step Process to File TDS Return for Your Salary Income

Ans: In the cases where TDS has been deducted on special income like winning from lottery or horse races etc, then filing of ITR-1 and 4 is not allowed So

Step-by-Step Process to File TDS Return for Your Salary Income Rate of TDS is 30% No surcharge and Health & Education Cess shall be added Hence, TDS shall be deductible at basic rates ILLUSTRATION– A

Ans: In the cases where TDS has been deducted on special income like winning from lottery or horse races etc, then filing of ITR-1 and 4 is not allowed So

winning numbers for florida lottery TDS Rates for FY 2020-21 ; 194 B · Prize money from lottery, cross word puzzle etc ₹ 10,000, 30% ; 194 BB, Winning from

Under the provision of section 194B of the IT Act, 1961 the TDS rate for any income earned by way of winnings from crossword puzzles, lotteries,

winning lottery formula free Section 194B: Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort 30 ; Section 194BB: Income by way of winnings

Section 194G of the Income Tax Act deals with TDS on income earned from lottery tickets It requires a 5% TDS deduction on such income