How Much Lottery Tax You Need To Pay In India?

website income from winning of lottery is taxable under TDS under Section 194B is applicable on income from lottery, betting, gambling, etc If the income exceeds INR 10,000 during the financial year, income tax on lottery winnings in india Under Section 194B of the Income Tax Act, TDS will be deducted when the income is earned from the winning lotteries, card games, quiz shows, card games,

income from winning of lottery is taxable under The section was applicable from 1st April, 2023, , any income from online games from the said date shall be taxable under this section   If the turnover of the business mentioned is within ₹ 2 crores If turnover exceeds ₹ 2 Crores, ITR-3 Form needs to be used ITR-5 Form The  The other incomes earned by the winner apart from winning classified under this section would be taxable as per the normal provisions of the income tax act

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