Tax on KBC Winning Amount

lottery tax calculator india
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INR 112 is inclusive of GST The GST rate on state-run lottery programme is 12% Thus, Price before GST =

Section 58- Expenses not Deductible while Calculating Income Tax ; 58, 'Salary' payable outside India on which no tax is deducted at source or paid

lottery vn has income from lottery, racehorses, legal gambling etc has taxable Copyright @ Income Tax Department, Ministry of Finance, Government of India

lottery result 2 9 2023 According to Section 194B of the IT Act, 1961, a tax rate of 30% is applicable on lottery winnings exceeding Rs 10,000 This is treated