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tax rate on lottery winnings in india - AIIMS

tax rate on lottery winnings in india - AIIMS

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tax rate on lottery winnings in india
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Lottery winnings are taxable in India under the Finance Act of 1986 and Income Tax Act at a flat 30% rate There is an extra percentage

Winnings from lotteries or crossword puzzles are subject to Tax Deduction at Source under sections 194B and 194G of the Income Tax Act  Per this provision, the winning amount attracts a tax at a flat rate of 30% excluding cess lottery or crossword puzzle, card game and

what''s today''s lottery 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 The applicable rate of TDS shall be 30% at the time of withdrawal of such winning amount “Any Person” here means the

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