Income Tax Calculator

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Income tax on income from lottery, competition: No income goes untaxed in India! Of course, there are some exemptions provided by the tax

Winnings from lottery are flat taxable at the rate of 30% under income tax act, 1961 The basic exemption limit is not available in case of The basic tax rate throughout India for lottery winnings is 30 percent The rate is specific for the taxation of lottery winnings The tax

chart kerala lottery result ஜாக்பாட் ரிசல்ட் As per section 115BB of the Income-tax Act,1961, the entire income from winning lotteries, games show, etc will attract tax at the rate of lottery winnings; remittance of Resident individuals can remit up to net salary after deduction of taxes