On winning a 1 crore lottery in India, how much taxes do you pay?

India follows a progressive tax system to ensure fair taxation This means only the part of your taxable income that falls under a higher tax slab gets taxed at

On winning a 1 crore lottery in India, how much taxes do you pay? One-time incomes such as winnings from lotteries, horse races taxation under 'Income from Other Sources' head 6 Gifts Gifts received in

India follows a progressive tax system to ensure fair taxation This means only the part of your taxable income that falls under a higher tax slab gets taxed at

winning from lottery is taxable under which head of income Certain incomes, such as winnings from lotteries, gifts, interest on enhanced compensation, etc are always taxable under this head Specific Incomes Income

According to the Income Tax Act, 1961, any income by way of winnings from any lottery, crossword puzzle, card game, or other game of any sort is taxable under

winning powerball ticket sold in sun valley If you receive money from winning the lottery, OnlineTV game shows etc , it will be taxable under the head Income from other Sources The

If you receive money from winning the lottery, OnlineTV game shows etc , it will be taxable under the head Income from other Sources The