Direct Tax including Tax Planning & Management AY 2020-21

income tax on lottery winnings in india
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Income Tax TDS Rates Applicable for NRIs ; Income received from winnings lotteries, crossword puzzles, card games and other games of any sort 30%

Income from winnings of a lottery, horse race, gambling, etc under the head of other sources Both short and long-term capital gainslosses This brings the total tax on game show winnings to % An additional 10% surcharge is also applicable on the winning amount if the amount is more than Rs 10

fruit slots slot Income Tax TDS Rates Applicable for NRIs ; Income received from winnings lotteries, crossword puzzles, card games and other games of any sort 30%  Lottery winnings in India are considered 'Income from Other Sources' and must be reported under this category on your income tax return The