Tax On Winning Lottery, Game Shows & Online Gaming in India

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Kerala's Mohammed Bava who won ₹1 crore in lottery said after paying the debt, he would like to spend the rest of the amount for the poor

Income tax is a tax that is levied by the Government of India on the income of every individual or entity The Income-tax Act, 1961 governs Kerala Lottery Fifty Fifty FF-103 Result Out: 1 Crore

game png logo 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? Who Is Responsible For Deducting TDS Under Section 194S? · People or HUFs with up to ₹ 1 crore in revenue from their businesses · People or HUFs