How much tax has to be paid on lottery or game show prize money?

lottery tax calculator india
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Buyers would now have to shell out 28 per cent GST on lotteries Before the GST Council meeting on Friday, the lottery industry pitched for a single rate of 12

Section 58- Expenses not Deductible while Calculating Income Tax ; 58, 'Salary' payable outside India on which no tax is deducted at source or paid  20% Tax, 0 ; Lottery Tax, 0 ; Total Income Tax, 15000

vikings unleashed megaways slot The tax on lottery winnings, crossword puzzles, card games, etc is a flat rate of 30% After adding the health and education cess of 4%, the No, winnings are taxed at a flat rate of % They are not taxed at the tax slab rate of the individual Q- When will awards be tax-free?