Onam Bumper 2022: Rs crore of Rs 25 crore will go as tax

website 1 crore lottery tax CricketIPLHockeyFootballOlympicsLottery The 'real' rate rises as high as 55%-58% on incomes above Rs 50 lakh and under Rs 1 crore 12 tarikh dear lottery The Tax Deduction at Source will be applicable to the lottery prize winners who win more than Rs 10000 altogether through the lottery

1 crore lottery tax Lottery: In a bid to raise Goods and Services Tax revenue collection, the Finance Ministry has decided to introduce a massive campaign  The tax deducted directly by lottery department: Rs crore 1 1   As per the Income Tax rules, money won in a lottery or any competition is taxable You will have to pay a flat 30 per cent of the winning amount

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