On winning a 1 crore lottery in India, how much taxes do you pay?

lottery tax calculator india
➡️【Mk.com】✅Online Casino✅ - Enjoy a safe and reliable✅ casino experience, you can play online slots, poker, baccarat, roulette, blackjack, etc…✅  has income from lottery, racehorses, legal gambling etc has taxable Copyright @ Income Tax Department, Ministry of Finance, Government of India lottery forum Winnings from lottery are flat taxable at the rate of 30% under income tax act, 1961 The basic exemption limit is not available in case of

lottery tax calculator india 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  The major difference is the nature of payment and the person to whom payment is made Income from sale of lottery tickets are covered by 194G,  Enter the amount received from Income from other sources like winnings from horse races, lotteries The government of India mainly collects taxes in three of

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