What is Tax on Kerala Lottery Prize Money?

lottery prize amounts
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prize that meets all these four tests : 1 It is primarily in recognition of Lottery and Sweepstake Winnings Sweepstake , lottery , and raffle

The reward would be subject to tax according to Section 56 and reported under the title “Income from Other Sources ” The lottery winners are

lottery result 25 7 23 An amount equal to 12% of prize money will be deducted from 1st , 2nd and 3rd prizes and given as agents commission on prize to the agents concerned An

lottery massachusetts winning numbers Lottery winners can claim their winnings in one lump sum payment or annual payments over time Lottery winnings are treated as regular income