Tax on Winnings From Dream11, MPL and My11Circle

lottery tax calculator india
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For the purpose of income tax these games are a game of chance and are taxed at flat 30% rate plus cess, etc Nonetheless there are some things

30% tax is applied to prizes and awards that have not received government approval The tax rate would also need to be increased by cess The

lottery sambad old 31 This means that the entire amount of the winnings is taxable at the rate of 30% without any deductions or exemptions Tax Collection at Source (

lottery sambad 1624 INR 112 is inclusive of GST The GST rate on state-run lottery programme is 12% Thus, Price before GST =