Tax on Winning Game Shows & Lotteries

website lottery tax calculator india Section 58- Expenses not Deductible while Calculating Income Tax ; 58, 'Salary' payable outside India on which no tax is deducted at source or paid lottery ticket result lottery ticket result The silver lining is that lottery agencies typically withhold 24% of winnings over $5,000 immediately, which could help offset some of the tax

lottery tax calculator india Income Liable to Tax at Normal Rate --- Short Term Capital Gains (Covered us Winnings from Lottery, Crossword Puzzles, etc 30% Income Tax Payable   20% Tax, 0 ; Lottery Tax, 0 ; Total Income Tax, 15000   The tax rate for winning from lotteries and game shows is %, including cess Out of this, a 30% tax is applied on winning the lottery and

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