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tax on lottery winnings in india

Won Rs 1 crore, Rs 1 lakh or Rs 1000 from lottery, competition

tax on lottery winnings in india

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tax on lottery winnings in india

website tax on lottery winnings in india 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, tax calculator for lottery winnings India Interest from others 7 Interest from income tax refund 8 Rent on plant & machinery 9 Winnings from lottery or crossword puzzle us

tax on lottery winnings in india lottery winnings is : 20% 25% 30% 35% 6 Total income of India, is liable to pay Income Tax if his income is more than : # 1  Income tax in India · Personal income tax · Corporate taxes · Other taxes · Excise taxes · Customs duties · Other taxes (  The entire amount will be taxable at a flat rate of % For example, if you were to win a prize of ₹4 lakh at a contest and your annual

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