GOODS AND SERVICES TAX ON LOTTERY IN INDIA

lottery tax rate
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GST@12% is levied on lottery run by state government and GST@28% is levied on lottery authorized by state government These rates were adopted

As per Section 194B of The Income-tax Act, 1961, if the prize money exceeds ₹10,000, then the winner will get the prize money after the Still, you'll probably owe more when taxes are due since the top federal tax rate is 37% As you can see from the 2023 rate table above, your

bonus bear slot png Still, you'll probably owe more when taxes are due since the top federal tax rate is 37% As you can see from the 2023 rate table above, your Therefore, questions about the purpose of the withholding should be directed to the IRS The states modify their tax withholding rates from