Tax on Lottery Winnings in India Section 194B of IT Act

According to Section 194B of the IT Act, 1961, a tax rate of 30% is applicable on lottery winnings exceeding Rs 10,000 This is treated

II Income from Winnings from Lottery, Crossword Puzzles, etc 30% Income Tax Payable

lottery sambad 5 1 2024 Amounts are rough estimates only The After Taxes amount deducts RI state and federal taxes in accordance with withholding requirements for each Annuity

lottery nouyok Meanwhile, other states have tax rates for lottery winnings that generally range from about 3% to almost 11% But in any case, once applicable taxes are taken