Tax Information

Tax Information lottery winnings tax Section 194B of the Income Tax Act requires 30% TDS on lottery & game show winnings over Rs 10000, with an effective tax rate of %, lottery jitne ka mantra Lottery tax in Kerala, including cess and surcharge, stands at % So the Kerala lottery tax rate will be % of Rs 1 crore, that is, Rs

lottery jitne ka mantra In fact, lottery winnings are taxed, with the IRS taking up to 37% Curiously, though, only 24% is withheld and sent directly to the government

lottery sambad 18 3 24 Section 115BB imposes a flat income tax rate of 30% plus cess and surcharge on winnings from offline gambling or betting games  Do you need to pay tax on lottery winnings? Good question If you're wondering if you have to pay tax on lottery winnings then guess what, you