TDS on winnings is taxable at a flat rate of 30% u/s 194B , irrespective of individuals income limits.
Therefore, winnings from KBC of 50L is taxable at a rate of 30% being 50L*30%=15L (Taxable amount)
Prapul Kumar
(Student)
(6 Points)
Replied 08 December 2020
TDS on winnings is taxable at a flat rate of 30% u/s 194B , irrespective of individuals income limits.
Therefore, winnings from KBC of 50L is taxable at a rate of 30% being 50L*30%=15L (Taxable amount)
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