Mera Bill Mera Adhikar Scheme: GST Lottery Rewards for Taxpayers

1 crore lottery tax
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If I win Rs 1 crore lottery prize money in India goverment of India This means that if you won 20 crore, you would have to pay 6 crore as tax,

The income from other sources like winning lottery, horse races etc , are taxable in India However, under prevailing tax laws, these earnings are taxed 1 Crore 60 per cent , of taxable turnover plus surcharge levied under section 15-1A or Rs 25,000, whichever is higher; Above Rs 1 Crore but up to Rs 5

paradise slot machine The income tax exemption limit is up to lakh for senior citizen · If their total income is more than lakh and up to crore: No, winnings are taxed at a flat rate of % They are not taxed at the tax slab rate of the individual Q- When will awards be tax-free?