Tax On Winning Lottery, Game Shows & Online Gaming in India

how much taxes do you pay on lottery winnings
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Such gains are subject to taxation under the Income from Other Sources heading Taxes that are due must be paid, or else fines and legal

For example, if you have an interest income of Rs 5 lakhs per year and have won Rs 3 lakhs in prize money from a game show, the tax burden would be computed as

how to win poker every time The Lottery Department shall withhold Virginia income tax at the rate of % on the proceeds from any lottery prize in excess of $5,000 The tax shall be

how often do people win the lottery The withholding or deposit percentage on account will be 20% The withholdings will be deposited using form 230 and will be included on the