Details on Taxes For Lottery Winnings In India

Details on Taxes For Lottery Winnings In India if u win the lottery how much is taxed
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if i won the lottery the first thing i''d buy would be Lottery winnings in India are subject to a flat 30% tax rate This means that if you won 20 crore, you would have to pay 6 crore as tax,

if i win the lottery i won''t tell anyone 10 lakh However, winning the prize requires you to pay taxes on your winnings If you win Rs 10 lakh, you will have to pay a 30 You cannot net the winnings and losses for tax years 2020 and prior Starting in 2021 if you elected to itemize deductions on your federal return (you did not