Won a lottery or prize money in India? Here's what you need to know

do you get taxed on the lottery
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Lottery winnings are not taxed twice Under both the federal and state tax system, they are considered ordinary taxable income You pay tax on your winnings

If the award is approved by the Government, you don't have to pay taxes If, however, the award is not approved, tax would have to be paid

download game poker online Such gains are subject to taxation under the Income from Other Sources heading Taxes that are due must be paid, or else fines and legal

double diamonds slot Winnings received are not taxable as they are windfalls and not considered as an income You do not need to declare the winnings in your Income