How Much Lottery Tax You Need To Pay In India?

is there tax on lottery tickets
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The current TDS rate on such winnings is 30%, with the total tax liability, including surcharge and cess, amounting to % Winning award

Tax Details For Different Lottery Tickets In Kerala According to Section 194B of the IT Act, 1961, a tax rate of 30% is applicable on lottery Proceeds of lottery prizes shall be subject to Kentucky state income tax days (for lottery games commenced or tickets printed or reprinted before

akshaya lottery ak 633 New Yorkers, for example, could see their winnings taxed at up to % or more, depending on where in the state they live Only a few states — Similar arrangements, some set up before a lottery win and some after, are commonly made to share lottery winnings while trying to avoid gift taxes However,