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of <h1>30% Tax on Lottery and Gambling Winnings Under Section 115BB; No Deductions Allowed, TDS at 30% per Section 194B.</h1> Section 115BB of the Income Tax Act mandates a 30% tax on income from winnings in lotteries, crossword puzzles, races, card games, and gambling, applicable to both residents and non-residents. This tax is calculated on the winnings without slab benefits, and normal tax rates apply to other income. No deductions for expenses or loss offsets are allowed under this section. If a portion of winnings is payable to the government or conducting agency, it is deductible when computing lottery income and TDS, which is also deducted at 30% under section 194B.
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