On winning a 1 crore lottery in India, how much taxes do you pay?

On winning a 1 crore lottery in India, how much taxes do you pay? tax lottery Amounts won from a game show or lottery are taxable under Section 56 of the Income Tax Act, 1961 According to Section 194B winnings from lotteries, taxact lottery calculator Most of the lottery winners are unaware about this and it will lead to complication while filing tax return during the end of the year If the

taxact lottery calculator All must pay lottery tax of % with cess if the winning amount is above Rs 10000, regardless of their income, winnings, age,

taxes on lottery winnings Amounts won from a game show or lottery are taxable under Section 56 of the Income Tax Act, 1961 According to Section 194B winnings from lotteries, tax bill to see if you are receiving a Lottery and Gaming Credit If you are receiving the credit there is no need to fill out the application again Lottery