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

lottery tax rate
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However, winning the prize requires you to pay taxes on your winnings If you win Rs 10 lakh, you will have to pay a 30% tax on lottery

We do not tax California Lottery or Mega millions Visit Schedule CA Instruction 3s for more information How to report Federal return Report We do not tax California Lottery or Mega millions Visit Schedule CA Instruction 3s for more information How to report Federal return Report

national lottery cost Gambling winnings are fully taxable and you must report the income on your tax return Gambling income includes but isn't limited to winnings from lotteries, As per Section 194B of The Income-tax Act, 1961, if the prize money exceeds ₹10,000, then the winner will get the prize money after the