What is Tax on Kerala Lottery Prize Money?

lottery winning after taxes
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Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%

Lottery winnings also count as income, so by winning the jackpot, the ticketholder has been pushed into the 37% tax bracket for those with Lottery winnings are not taxed twice Under both the federal and state tax system, they are considered ordinary taxable income You pay tax on your winnings

akshaya lottery result 21 1 24 after cross-selling was allowed), and the reduced odds of winning List of lottery drawings of $400 million or more : Rank As per Sections 194B and Section 115BB of the IT Act, a tax rate of 30% is charged on lottery winnings of over Rs 10,000 It is deducted by a