Won a lottery or prize money in India? Here's what you need to know

1 crore lottery tax   Dan 100 गज का मकान

Every time you win a lottery, you have to pay a flat tax of at least % That's easy money for the IT department, don't you think?

1 crore, you'd have to pay a 15 percent surcharge on the tax you paid Therefore, you would take 15 percent of Rs 6 crores to get Rs crore If you win 1 crore rupees in the lottery then how many lakhs will go in Tax On 1 Crore Lottery Ticket Income Tax Continues below

lottery kapil sharma show real name Introduction and Tax Rates: The new tax regime, effective from April 1 Rs 1 Crore to 10 Crores: 2%; Above Rs 10 Crore: 5%; Health & Education Cess The winnings are subject to a flat tax rate of 30% without any deductions The tax is usually deducted at