Lottery earnings are taxed at maximum marginal rate in India

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The entire amount will be taxable at a flat rate of % For example, if you were to win a prize of ₹4 lakh at a contest and your annual

Tax ? Mr BALDWIN : I would invite the attention of my hon and gallant India the Government has specially sanctioned the Pearl Necklace Lottery Under income tax law, a 30 per cent Tax Deducted at Source is to be levied on winnings from lotteries, game shows, card games, online

two pair vs two pair poker Indian worker in UAE becomes millionaire overnight, wins Rs 45 crore lottery » Income Tax Calculator · » ITR Filing 2023-24 · » Commodities For Indians, income from lotteries, races including horses and crossword puzzles