What is the Tax for Lottery Winnings Prize in Kerala? TDS

What is the Tax for Lottery Winnings Prize in Kerala? TDS lottery tax india The State Legislature has the competence to tax lottery scheme which is gambling being conducted not only by the Government of India or the lottery sambad date 13 10,000 What are the taxes applicable for lottery income of Rs 1 crore in India? Winnings from a lottery have a flat % TDS applicable,

lottery sambad date 13 Rs 10 lakh will be rewarded to the second winner, and Rs 5,000 to the third winner The prize money is subject to a 30 percent lottery tax

lottery sambad 17_03_24 Under income tax law, a 30% TDS is to be levied on winnings from lotteries, game shows, card games, online games provided the earnings exceed Rs The effective tax rate on the lottery industry is at 28% Adding the taxes on prize money, the tax rate has tripled under the GST regime