Gambling and Lottery Winnings

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The reward would be subject to tax according to Section 56 and reported under the title “Income from Other Sources ” The lottery winners are

Lottery tax in Kerala, including cess and surcharge, stands at % So the Kerala lottery tax rate will be % of Rs 1 crore, that is, Rs  If, for example, a lottery winner resides in a high-tax State, barring some nuance in State law, a lottery winner can change his or her domicile to a State that

slot antonyms However, winning the prize requires you to pay taxes on your winnings If you win Rs 10 lakh, you will have to pay a 30% tax on lottery The same is true at the state level While lottery winnings are subject to state income tax in most states, withholding tax varies from zero (