tax on lottery winnings in india

tax on lottery winnings india
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What do the tax laws say about lottery income? When a person receives an income from lotteries, game shows or even wins money from a sports

tax rate on lottery winnings in india,- Player 5: A young and promising talent, this player has shown tremendous potential in recent matches  Income tax of 30% is deducted on all prizes above Rs 10,000 Thus, a person winning Rs 1 lakh will have a net earning of Rs 61,600 Tickets

all poker rules Have you ever wondered about people who win money on game shows like Kaun Banega Crorepati, Bigg Boss, Indian Idol, etc , paying tax or not? Do lottery across India GST@12% is levied Differential tax rates for lottery run by State Governments and lottery authorized by State