Tds on kbc winning amount


(Querist)
25 November 2011
Dear Members,
Please suggest me the calculation of the TDS amount.
Further what amount of will be paid by the company after deducting TDS.
Assessee : Female (Below 65 Years)
Winning Amount : 640000/- (Six Lakhs Forty Thousands Only).
And why & How 33.90%.


VISHRUT (Expert)
25 November 2011
TDS Deducted( @ 33.99% ) :- Rs. 1,97,760/-
Amount paid by the company :- Rs. 4,42,240/-

Abhinay Kumar Shaw (Querist)
25 November 2011
THANK FOR YOUR ADVICE BUT SIR WHY 33.99% AS I KNOW RATE OF INCOME TAX ON CASUAL INCOME IS 30%

CA AYUSH AGRAWAL (Expert)
25 November 2011
TDS Will Be 30% Only.
No Surcharge and Cess.

CA Ravi Sisodia (Expert)
25 November 2011
TDS rate is 30% on casual income.

M.com,CS,CA F Tushar Sampat (Expert)
18 October 2013
Yes tds @30% without any surcharge and edu cess.


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