Income tax payable on winnings from online, offline games of chance

No, winnings are taxed at a flat rate of % They are not taxed at the tax slab rate of the individual Q- When will awards be tax-free?

According to the 1986 Finance Act as well as the Income Tax Act, lottery wins in India are subject to a fixed 30% tax rate When earnings exceed

tax percentage on lottery winnings has income from lottery, racehorses, legal gambling etc has taxable Copyright @ Income Tax Department, Ministry of Finance, Government of India

taxes on 2 million dollars lottery winnings According to the 1986 Finance Act as well as the Income Tax Act, lottery wins in India are subject to a fixed 30% tax rate When earnings exceed