How much tax will I pay on winning a Rs 10 Crore lottery in India?

income from winning of lottery is taxable under
➡️【Mk.com】✅ब्लैकजैक और रूलेट सहित सैकड़ों ✅क्लासिक कैसीनो स्लॉट और लाइव टेबल गेम✅ ऑनलाइन खेलें। ➡️【Mk.com】 कैसीनो से जुड़ें और अपना विशेष ✅ प्राप्त करें  Dan income tax on lottery winnings in india

Any income received as prize money from a lottery is taxed under the head 'Income from Other Sources' winner's total annual income falls

Under Section 194B of the Income Tax Act, TDS will be deducted when the income is earned from the winning lotteries, card games, quiz shows, card games, Any prize money received is taxable in the hands of the receiver under the head 'Income from Other Sources' Generally, the winner will receive the prize

gryphons castle slot The income from other sources like winning lottery, horse races etc , are taxable in India However, under prevailing tax laws, these earnings are taxed Question: My husband and I recently won the grand prize from my State's lottery Can you provide some guidance on how we will be taxed on our lotto winnings