how much tax on lottery winnings in india

ITR Filing 2024: No Cheating! Income Tax Dept Can Track Your tax on lottery winnings in india TDS Rates Applicable for Resident of India for FY 2024-25 ; Section 194B: Income by way of lottery winnings, card games, tax in lottery winnings Income tax of 30% is deducted on all prizes above Rs 10,000 Thus, a person winning Rs 1 lakh will have a net earning of Rs 61,600 Tickets

taxes taken out of lottery winnings Income tax of 30% is deducted on all prizes above Rs 10,000 Thus, a person winning Rs 1 lakh will have a net earning of Rs 61,600 Tickets