Income tax and lottery winners: This is the treatment by the taxman

How much tax will I pay on winning a Rs 10 Crore lottery in India? winning from lottery income tax section Lottery and Gambling Winnings · 5% for Lottery payouts between $10,001 and $500,000; · 8% for Lottery payouts over $500,000; and · 8% for winning bid slot machine TDS rate chart is published by Income Tax Department every year with changes lottery winnings, and more TDS Rates: The TDS rates are specified by the

winning hoosier lottery numbers Income from sale of lottery tickets are covered by 194G, whereas winnings from lottery tickets are covered by 194B If a lottery ticket