lottery tax in india
india kerala lottery - The Economic Times
lottery tax in india
lottery tax in india
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lottery tax in india Overview of Lottery Tax in India · Tax Rate: 30% on winnings above INR 10,000 · Additional Charges: Surcharge and cess · Total Effective Tax Rate: Government of India had always been to discourage lotteries short-levy of tax in the lottery business resulting in substantial loss to the national exchequer Lottery winnings in India are subject to a flat 30% tax rate This means that if you won 20 crore, you would have to pay 6 crore as tax
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