If I won a lottery of 20 crore, how much will I get after tax deduction

income tax on lottery winnings in india
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So if a person is a resident of India, the amount of lottery, winnings shall be taxed under Income From Other Sources in India even if it

As per section 115BB of the Income-tax Act,1961, the entire income from winning lotteries, games show, etc will attract tax at the rate of

income from winning of lottery is taxable under These winnings are taxed under section 115BBJ of the Income Tax Act, 1961 According to Section 115BBJ, income in the nature of winnings from

income tax on lottery Lottery winnings in India are subject to a flat 30% tax rate This means that if you won 20 crore, you would have to pay 6 crore as tax,