Is prize money taxable? Yes. As per Indian laws, the prize money is taxable @30%. TDS will be deducted as applicable before prize money is transferred to winner’s bank account. By admin|2025-12-15T10:35:08+00:00July 7th, 2025|Comments Off on Is prize money taxable? Share This Story, Choose Your Platform! FacebookXRedditLinkedInWhatsAppTumblrPinterestVkXingEmail About the Author: admin