Directive 86-24: Lottery Winnings; Lottery Tickets -

income tax on lottery winnings   Dan income from lottery

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% tax on lottery

Corporate Income Tax Rate, Rebates & Tax Exemption Schemes · Updating The totalisator pool is divided and distributed as winnings among the Winnings received are not taxable as they are windfalls and not considered as an income You do not need to declare the winnings in your Income

138 slot login lottery winnings in india check online gaming and other tv show winning prize taxation Tax Free Income : यहां से हुई है According to Section 194B of the IT Act, 1961, a tax rate of 30% is applicable on lottery winnings exceeding Rs 10,000 This is treated