Person Responsible to Deduct Tax:
Any person being licensed by the Government or a Licensed Bookmaker.
Category of Payee:
All assesses
Rate of Deduction of Tax:
30%
No TDS:
If the payment does not exceed Rs.2500/-
Time for Deduction of Tax:
At the time of payment
Time for Deposit of TDS:
In case of deduction by or on behalf of Government, on the same day.
Other cases- within 1 week from the last day of the month of tax deduction.
