Won a lottery or prize money in India? Here's what you need to know

Smart tax strategies for lottery winners - Tax Insider income from lottery The connection between lottery play and income is unfortunate because the purchase of lottery tickets by the poor can be considered a type income from winning of lottery is taxable under Income earned from lottery, game shows, and online games are taxable at a special rate of 30%, with TDS deducted before winnings are given

income tax on lottery 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