Won Rs 1 crore, Rs 1 lakh or Rs 1000 from lottery, competition

tax rate on lottery winnings in india
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Such winnings fall under the category of Income from other sources EXPLORE TAX SAVING FUNDS c 2024 Groww All rights reserved, Built with ♥in India

winnings from lottery; Activity of owning and maintaining race horses; Income taxable at special rates under section 115BBDA or section 115BBE;

taxi 88 slot & :- At present, there are two rates of GST on lottery across India GST@12% is levied on lottery run by state government and GST@28% is

tax on $1 million dollars lottery The TDS of % is a flat tax on the winning amount; it will not be added to your income and you will not be able to benefit from your income tax rate slab