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Taxation on winning from tv quiz show like kbc

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(Querist)
10 October 2011 Dear All,

Can any one tell me if someone won prize in TV Quiz show like KBC then how he will calculate tax libility?

Ex. If Mr. A won 15,00,000/- (Fifteen Lac Only) in a TV Quiz show. How much tax he has to pay to government?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
10 October 2011 The inference of income is unavoidable. To be taxed under section 115BB.
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CA MANOJ GUPTA

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CA MANOJ GUPTA (Expert)
10 October 2011 TAX WILL BE CHARGED AT A FLAT RATE OF 30 PC PLUS CESS
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