What is Tax on Kerala Lottery Prize Money?

Won a lottery or prize money in India? Here's what you need to know tax for lottery in india Taxation of Lottery was done under two tax brackets 12% and 28% Goods and Services Tax is a destination based tax It is one indirect tax for the whole taxes on $1 million dollars lottery winnings The entire amount will be taxable at a flat rate of % For example, if you were to win a prize of ₹4 lakh at a contest and your annual

tax rate on lottery winnings Awards that are not approved by the Government and prizes are taxed at the rate of 30% Cess is added to the tax rate, which brings the total