Tax On Lottery Winnings In India

Tax On Lottery Winnings In India income tax on lottery winnings in india As per Sections 194B and Section 115BB of the IT Act, a tax rate of 30% is charged on lottery winnings of over Rs 10,000 It is deducted by a income from lottery Tax on certain assets, including any gains you make from: ISAs or PEPs; UK government gilts and Premium Bonds; betting, lottery or pools winnings When someone

income from lottery As per section 194B of the income tax act, all the winnings over and above Rs 10,000 will be subject to a TDS of 30% With cess and surcharge,

income tax on lottery winnings So if a person is a resident of India, the amount of lottery, winnings shall be taxed under Income From Other Sources in India even if it Tax on Dream 11, Tax on Lottery Winnings in India, casual income income tax, online game