Tax on Winning Game Shows & Lotteries

taxes, their final take-home amount will be approximately Rs crores Winning Numbers for Third Prize Worth Rs 10 Lakh are XA

According to Section 194B of the IT Act, 1961, a tax rate of 30% is applicable on lottery winnings exceeding Rs 10,000 This is treated

1001liga slot 11 Kerala women together buy a lottery ticket worth Rs 250, win Rs 10 Crore Additionally, after various deductions, such as income tax

10 7 23 kerala lottery result Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%