Prize Tax

**(And have received a call from the Petrol pump (or) Field Officers(of petrol pump) (or) Agent Please keep your participation SMS,Bill No., Your AADHAR(or)PAN card Before proceeding Next Step.)

31.2%

TDS 

(TDS applicability on lottery or game show income)

If the Prize Value exceeds Rs 10,000, then the winner will receive the prize Value after the deduction of TDS @31.2% u/s 194B.

Applicability of this Section 115BB, 194B & 194BB of The Income Tax Act, 1961

As per Section 115BB of The Income Tax Act, 1961, the government would levy tax on winnings from lotteries, crossword puzzles, races including horse races, card games, and other games of any sort of gambling or betting of any form or nature whatsoever. This section levies a flat tax rate of 30% in addition to 4% Cess, which comes to 31.20%.

As per Section 194B of The Income-tax Act, 1961, if the prize Value exceeds ₹10,000, then the winner will get the prize Value after the deduction of TDS online at 30% (if the winner is Resident), at 30% Surcharge (if applicable), 4% Educational Cess (if the winner is Non-Resident).

As per Section 194BB of The Income Tax Act, 1961, the Applicability of this section on winning from horse racing, deduction of tax only if winnings are more than ₹10,000 at 30%.

Pay Tax Online​​

(***Please Don't Trust other than Gov. site***)

• Step-1

To pay taxes online, login to https://www.protean-tinpan.com/ > Services > e-payment : Pay Taxes Online or click here on the tab "e-pay taxes" provided on the said website. Provide proper link of e-payment

• Step-2

Select the relevant challan i.e. ITNS 280, ITNS 281, ITNS 282, ITNS 283, ITNS 284 or Form 26 QB demand payment (only for TDS on sale of property) as applicable.

• Step-3

Enter PAN / TAN (as applicable) and other mandatory challan details like accounting head under which payment is made, address of the tax payer and the bank through which payment is to be made etc.

• Step-4

On submission of data entered, a confirmation screen will be displayed. If PAN / TAN is valid as per the ITD PAN / TAN master, then the full name of the taxpayer as per the master will be displayed on the confirmation screen.

• Step-5

On confirmation of the data so entered, the taxpayer will be directed to the net-banking site of the bank.

• Step-6

The taxpayer has to login to the net-banking site with the user id / password provided by the bank for net-banking purpose and enter payment details at the bank site.

• Step-7

On successful payment a challan counterfoil will be displayed containing CIN, payment details and bank name through which e-payment has been made. This counterfoil is proof of payment being made.

For making e-payment of direct tax, Click Here,

If any clarification...Contact our support .

                        Subramanian                                                                      Fazar Ali                   

               Head of Campaign Execution                                          Head of Campaign Execution   

                        subramanian@samms.in                                                          fazar@samms.in             

+91 9940270152                                                             +91 9903549045             

(South Zone Coordinator)                                                             (North East West Zone Coordinator)