Lottery earnings are taxed at maximum marginal rate in India

Budget may impose higher tax on F&O income by treating tax for lottery in india As per Section 194B of The Income-tax Act, 1961, if the prize money exceeds ₹10,000, then the winner will get the prize money after the taxes on poker tournament winnings 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

tax lottery The State Legislature has the competence to tax lottery scheme which is gambling being conducted not only by the Government of India or the