The way Lottery Winnings are Taxed in India -

As per the Income Tax rules, money won in a lottery or any competition is taxable You will have to pay a flat 30 per cent of the winning amount

The winning amount is tax free, however you will be charged when you put it in the bank or when inheritance tax is charged

how to win on hhr slot machines That's because when anyone wins the lottery, the IRS withholds 24% of the winnings off the top With a large jackpot, if the winner opted for the lump sum cash

how does a lottery work The applicable cess rate is 4% on above 30%, bringing the overall tax rate to % Regardless of the individual's tax slab