If I won a lottery of 20 crore, how much will I get after tax deduction

website tax on lottery winnings in india Lottery winnings 3 Interest from banks on fixed deposits 5 Securities India □ Illustration 5 From the following information compute total taxes on slot machine winnings The State Legislature has the competence to tax lottery scheme which is gambling being conducted not only by the Government of India or the

tax on lottery winnings in india This is taxable in India at 30+ % as you are resident in India Actual inward fund flow is irrelevant because accrual has happened already   IT Act, 1961 governs taxation in India As per Sections 194B and Section 115BB of the IT Act, a tax rate of 30% is charged on lottery winnings  HOW TO FILE INCOME TAX RETURN FOR WINNING FROM GAMES, LOTTERY, GAMBLING

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