Lottery first prize amount will be increased to 1 crore, ticket price will

1 crore lottery tax in india
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Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%

In this case, the surcharge will be 10% in the case of winnings between INR 50 lakh and INR 1 crore and 15% in winnings that exceed INR 1 crore  Kerala's Mohammed Bava who won ₹1 crore in lottery said after paying the debt, he would like to spend the rest of the amount for the poor

what hand beats what in poker A surcharge of 7% is levied on domestic companies if their total taxable income exceeds Rs 1 Crore A surcharge of 12% is levied on domestic The Minister further stated that vide Finance Act 2023, the rate in force is 30% This also includes winnings in kind or partly in cash and