Ask Money Today: How is lottery prize taxed?

website lottery tax india 21 November 2022 Being NRI, if he won lottery in any foreign country, where the tax been paid over the winning amount, he is not liable to pay lottery result 6 1 2024 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,

lottery tax india tax do lottery winners pay tax on lottery winnings in india check online gaming and other tv show winning prize taxation   How much tax on prize money is paid for winnings in India? Lottery wins are subject to a 30% TDS rate   This brings the total tax on game show winnings to % An additional 10% surcharge is also applicable on the winning amount if the amount is more than Rs 10

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