lottery tickets; in lieu tax

Fiscal Receipts Lottery Results - finanzi tax lottery Lottery and Gambling Winnings · 5% for Lottery payouts between $10,001 and $500,000; · 8% for Lottery payouts over $500,000; and · 8% for taxes on $5 1) Who is responsible to deduct tax under section 194B of Income Tax Act, 1961? The person responsible for paying to any person any income

tax for lottery Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%