How to Calculate Income Tax on Income from Other Sources

Any income received as prize money from a lottery is taxed under the head 'Income from Other Sources' winner's total annual income falls

14 Heads of income 14A Expenditure incurred in relation to income not includible in total income A —Salaries 15

winning lottery numbers for louisiana One such provision is Section 115BB of the Income Tax Act, which deals with the taxability of winnings from lotteries, crossword puzzles, card

winning numbers for ny lottery If you earn money from winning the TVonline game shows, lottery, and more, it can be taxed under 'Income from Other Sources' Examples of Income from Other