Setback for Kerala as GST Council fixes uniform tax rate for lottery

tax rate on lottery winnings in india
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Winning from Lotteries 10000 30 30 194BA Winnings from online games , failing which tax shall be

The TDS of % is a flat tax on the winning amount; it will not be added to your income and you will not be able to benefit from your income tax rate slab  The IRS automatically withholds 30% of net lottery winnings in the US The rate at which the net winnings are ultimately taxed though depends on

what is a flop in poker 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, The State Legislature has the competence to tax lottery Current taxation policy in India covers all types of Gambling industry directly and