Income Tax on Online Gaming in India

website lottery tax calculator india Lottery winnings in India are subject to a flat 30% tax rate This means that if you won 20 crore, you would have to pay 6 crore as tax lottery switzerland Does the TDS calculator tell me the percentage of tax deducted at the source? All rights reserved, Built with ♥in India Version

lottery tax calculator india This Calculator considers financial year, age group such as Normal, Senior, Super Senior citizens, residential status such as Resident or NRI,  Income Tax and Surcharge etc if any, will be deducted at source Rule 3 of the Lotteries Rules, 2010, issued by the Government of India   The silver lining is that lottery agencies typically withhold 24% of winnings over $5,000 immediately, which could help offset some of the tax

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