How Much Lottery Tax You Need To Pay In India?

No, winnings are taxed at a flat rate of % They are not taxed at the tax slab rate of the individual Q- When will awards be tax-free?

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

1676 kapruka Between Rs 1 Crore to Rs 2 Crore

12925 train route 7% of Income tax where total income is more than Rs 1 crore; 12% of Income Lottery, Races, and More Income In India, winnings from lotteries, horse