Tax on Winning Game Shows & Lotteries

website 1 crore lottery tax in india 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 12 1 24 lottery sambad The First Prize for all three lotteries is an impressive 1 Crore Rupees In India, there are 13 states where lottery is legal These Legal

1 crore lottery tax in india 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  The full sum will be subject to a % flat 1 crore lottery tax Can TDS on a lottery tax in India be refunded? This amount is a straight  A surcharge of 7% is levied on domestic companies if their total taxable income exceeds Rs 1 Crore A surcharge of 12% is levied on domestic

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