Calculate Income Tax for FY 2023-2024

It is not counted as casual income when winning is the result of ability and effort Lottery held as stock in trade shall be taxed under

Lottery winnings in India are taxed under a flat tax rate under Section 194B of the Income Tax Act, specifying 30% tax rate plus applicable cess

winning lottery before divorce final Winnings received are not taxable as they are windfalls and not considered as an income You do not need to declare the winnings in your Income

winning369 slot 50,000 in a financial year Point to note: If you receive money from winning the lottery, OnlineTV game shows etc , it will be taxable under