Income Tax Slabs FY 2023-24, 2024-25

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winnings from lottery;; activity of owning and maintaining race horses Copyright @ Income Tax Department, Ministry of Finance, Government of India

lottery across India GST@12% is levied on lottery run by state government and GST@28% is levied on lottery authorized by state government  A provision for 1% TDS deduction on payments made on transfer of virtual digital assets , such as cryptocurrencies & non-fungible tokens (

miab-009 Under Section 194B of the Income Tax Act, TDS will be deducted when the income is earned from the winning lotteries, card games, quiz shows, card games, Please be informed that the longer the time taken to notify the bank, the higher will be the risk of loss Beware of fictitious offers lottery winnings