how much tax on lottery winnings in india

lottery win tax   Dan lottery sambad 532024

The reward would be subject to tax according to Section 56 and reported under the title “Income from Other Sources ” The lottery winners are

Lottery tax in Kerala, including cess and surcharge, stands at % So the Kerala lottery tax rate will be % of Rs 1 crore, that is, Rs  The tax break will be to the extent of tax paid in USA or Tax applicable in India whichever is lower In other words you will not get a refund

lottery winnings tax uk The income tax deducted on lottery winnings cannot be claimed as a refund as it is the straight income tax deducted from the winnings of the What do the tax laws say about lottery income? When a person receives an income from lotteries, game shows or even wins money from a sports