Taxation on winning from tv quiz show like kbc
This query is : Resolved
10 October 2011
Dear All,
Can any one tell me if someone won prize in TV Quiz show like KBC then how he will calculate tax libility?
Ex. If Mr. A won 15,00,000/- (Fifteen Lac Only) in a TV Quiz show. How much tax he has to pay to government?
Can any one tell me if someone won prize in TV Quiz show like KBC then how he will calculate tax libility?
Ex. If Mr. A won 15,00,000/- (Fifteen Lac Only) in a TV Quiz show. How much tax he has to pay to government?
10 October 2011
The inference of income is unavoidable. To be taxed under section 115BB.
10 October 2011
TAX WILL BE CHARGED AT A FLAT RATE OF 30 PC PLUS CESS
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