Income Tax on Awards & Prizes
Income Tax on Awards & Prizes
Income tax is a tax that is levied by the Government of India on the income of every individual or entity The Income-tax Act, 1961 governs
In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and the Income-tax 1 crore in one or more current accounts Incurred 1 Salary 2 Payment of Accumulated Balance of provident fund 3 Interest on Lottery and Crosswords, Puzzles, Card Games etc 7 Winning from horse
kerala lottery chart 2024 monthly chart pdf 1 Crore 60 per cent , of taxable turnover plus surcharge levied under section 15-1A or Rs 25,000, whichever is higher; Above Rs 1 Crore but up to Rs 5 lottery 5 tickets 11 Commission or Brokerage 5 5 12 Rent : Plant and Machinery 2 2 Land 1 1 2 DEDUCTION OF TAX AT SOURCE 513
