How much Tax do i have to pay for a prize won in a contest in India?



How much Tax do i have to pay for a prize won in a contest in India? Do I have to pay any TDS @ 33.99% if the amount of the prize won in a contest id more than Rs 5000?

How much Tax do i have to pay for a prize won in a contest in India?
Rate these answers

4 Replies to “How much Tax do i have to pay for a prize won in a contest in India?”

  1. hey dude…………….above 5K TDS applicable is @ 30.90% ( if its above 1crore then 33.99%……………..good luck for winning








Leave a Reply

Your email address will not be published. Required fields are marked *