GOODS AND SERVICES TAX ON LOTTERY IN INDIA

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ITR Form: Winnings from the lottery, puzzles, betting, etc are treated as Income from Other Sources The taxpayer should file ITR-1 (if income

Over and above the Kerala lottery prize tax of 30%, and 4% cess will also be applicable This brings the effective taxation rate to % In How do lottery taxes work? ; 10% $0 to $11,600 10% of taxable income ; 12% $11,601 to $47,150 $1,160 plus 12% of the amount over $11,600 ; 22

planning poker fibonacci How do lottery taxes work? ; 10% $0 to $11,600 10% of taxable income ; 12% $11,601 to $47,150 $1,160 plus 12% of the amount over $11,600 ; 22 The Powerball jackpot has grown to an estimated $1 billion Here's what the winner can expect to pay in taxes