Do I need to pay tax on my winnings?

what is the tax for lottery winnings   Dan what is a value bet in poker

income tax treatment of lottery prizes This guidance applies specifically The lottery prize payment is gambling winnings taxed as ordinary income

winnings If you sell or otherwise dispose of an asset that was a prize from a lottery, you must declare any capital gains you make in your tax return You Income Tax at the rate of 20 percent shall be applicable on all lottery winnings or prizes equal to or more than ,000 per lottery ticket

dldss-048 The withholding or deposit percentage on account will be 20% The withholdings will be deposited using form 230 and will be included on the All must pay lottery tax of % with cess if the winning amount is above Rs 10000, regardless of their income, winnings, age,