Do You Need to Pay Tax on 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

lottery winnings; remittance of Resident individuals can remit up to net salary after deduction of taxes

tax for lottery winnings For the purpose of income tax these games are a game of chance and are taxed at flat 30% rate plus cess, etc Nonetheless there are some things

tax calculator lottery Wll Modi get jealous and start chasing you? i see that there s 30% tax on lottery winnings in India, better make it 99% tax,