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30% tax on lottery wins of over Rs 10K a year Thiruvananthapuram: The State Government, as directed by the Centre, has started levying tax

taxes on lottery winnings So the final tax payable comes to about % to 35%, depending on your tax slab So when Sushil Kumar won Rs 1 crore on KBC, he must have shown

tax calculator for lottery winnings As per Section 194B of The Income-tax Act, 1961, if the prize money exceeds ₹10,000, then the winner will get the prize money after the