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Tds on winning from reality show


CHAITRI SUDHAKARBHAI KHAROD (ARTICLE)     04 December 2020

CHAITRI SUDHAKARBHAI KHAROD
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suppose, I have yearly income below maximum limit. one day, I participate in kaun Banega crorepati and win 50lakhs.
my question is whether tds will be deducted on 50lakhs as my yearly income is below maximum limit

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avater

Aditi Kaur (Practising CA)    05 December 2020

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ATUL Y

ATUL Y   04 December 2020

ATUL Y

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Income earned from winning KBC Game Show, Big Boss, Nach Baliye, India’s Got Talent, Fear Factor and other game shows is taxable at a flat rate of 30%. Over and above this income tax rate of 30%, Cess @ %  would also be levied on this 30% tax and therefore the total tax rate on such winnings from Game Shows comes out to be 31.20%.

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ayusmita

ayusmita (Tax consultant)     05 December 2020

ayusmita
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Tds will directly cut from your winning prize
it's not related to your regular source of income

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CHAITRI SUDHAKARBHAI KHAROD

CHAITRI SUDHAKARBHAI KHAROD (ARTICLE)     05 December 2020

CHAITRI SUDHAKARBHAI KHAROD
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Okay...thank you so much to both of you...

Shivam RC

Shivam RC (Student)     05 December 2020

Shivam RC
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TDS @ 30% is deducted at the time of making payment incase of Winning from Lotteries, Crossword, Puzzle, or Card Game or Game of any sort.

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CHAITRI SUDHAKARBHAI KHAROD

CHAITRI SUDHAKARBHAI KHAROD (ARTICLE)     05 December 2020

CHAITRI SUDHAKARBHAI KHAROD
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Ok..thanks a lot...

Shivam RC

Shivam RC (Student)     05 December 2020

Shivam RC
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I forgot to specify the Section of TDS Ma'am in my reply. It's deducted U/s 194B of the Income Tax Act 1961. Sorry...

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CHAITRI SUDHAKARBHAI KHAROD

CHAITRI SUDHAKARBHAI KHAROD (ARTICLE)     05 December 2020

CHAITRI SUDHAKARBHAI KHAROD
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It's okay...got it...thank you so much for your kind reply....but I have another question...if i win 160000 from KBC and my other income is 5000. will 30% be deducted as tds???

ayusmita

ayusmita (Tax consultant)     05 December 2020

ayusmita
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TDS will deducted from the kbc winning prize @ 31.2% including cess 

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ayusmita

ayusmita (Tax consultant)     05 December 2020

ayusmita
Tax consultant 
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If any winning price cross the amount of 10000 then tds will be cut @ 31.2% including cess

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