What is Tax on Kerala Lottery Prize Money?

why is the lottery taxed
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Property Tax · Self Assessment · Property Registration · Water Tax · Citizen Charter Dated 17102022 Gharkul Computer Lottery Building D-6 & D-7 · Citizens

A 20% tax is applied to winnings that exceed the equivalent of €500 The Lottery Office will pay you the exact amount of after-tax winnings collected from the The prize itself may be tax-free, but your windfall is not without its liabilities

after winning lottery what to do ITR Form: Winnings from the lottery, puzzles, betting, etc are treated as Income from Other Sources The taxpayer should file ITR-1 (if income Therefore, lotteries Page 4 Smith: The State Lottery Tax 3 had lost their effectiveness as revenue raising tools for both the private and public sectors As