Lottery Winnings FAQs

tax calculator on lottery winnings
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As per section 115BB of the Income-tax Act,1961, the entire income from winning lotteries, games show, etc will attract tax at the rate of 30%

Incomes Agriculture Income Winning from lotteries 30% Deduction under chapter VIA: Deduction us 80C,80CCC

taxes on lottery winnings canada Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%

taxes lottery winnings Incomes Agriculture Income Winning from lotteries 30% Deduction under chapter VIA: Deduction us 80C,80CCC