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

income tax on lottery
➡️【Mk.com】✅भारत की ऑनलाइन सट्टेबाजी साइट✅100 से अधिक ऑनलाइन कैसीनो गेम, स्लॉट गेम और सर्वोत्तम सट्टेबाजी बाधाओं के साथ 10K विभिन्न खेल आयोजन हैं। ✅  Dan income tax slot

Under the provision of section 194B of the IT Act, 1961 the TDS rate for any income earned by way of winnings from crossword puzzles, lotteries,

Lottery winnings are considered taxable income for both federal and state taxes · Federal tax rates vary based on your tax bracket, with rates up to 37%  Taxes on Poker Winnings will be taxable at 30% the highest tax bracket Q- Can income tax deducted from lottery winnings be claimed as a refund?

lottery sambad 12 baje So after subtracting the cost of your ticket, you will owe federal income taxes on what remains How much exactly depends on your tax bracket, Section 194B of the Income Tax Act applies to TDS deductions from the income earned from winning the lotteries Learn about deductions, penalties, and more