How much tax is deducted from kerala lottery winning?

The reward would be subject to tax according to Section 56 and reported under the title “Income from Other Sources.” The lottery winners are allowed to receive 63% of the total prize money. The agency commission of Kerala State lottery deducts an additional tax of 10% along with the income tax of 30%.

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2024-01-20 13:31:07

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Who is the owner of kerala lottery online?
Kerala State Lotteries is a lottery programme run by the Government of Kerala
Government of Kerala
Government of Kerala is the subnational government of the Indian state of Kerala. The government is led by a chief minister, who selects all the other ministers. The chief minister and their most senior ministers belong to the supreme decision-making committee, known as the cabinet. Government of Kerala. Kēraḷa Sarkkār.
https://en.wikipedia.org › wiki › Government_of_Kerala
Government of Kerala - Wikipedia
. Established in 1967, under the lottery department of the Government of Kerala, it is the first of its kind in India.
2024-02-19 12:48:46

Who runs kerala lottery?
Kerala State Lotteries is a lottery programme run by the Government of Kerala
Government of Kerala
Government of Kerala is the subnational government of the Indian state of Kerala. The government is led by a chief minister, who selects all the other ministers. The chief minister and their most senior ministers belong to the supreme decision-making committee, known as the cabinet. Government of Kerala. Kēraḷa Sarkkār.
https://en.wikipedia.org › wiki › Government_of_Kerala
Government of Kerala - Wikipedia
. Established in 1967, under the lottery department of the Government of Kerala, it is the first of its kind in India.
2023-07-17 07:36:49

How much tax do us citizens pay on lottery winnings?
Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes. If your winnings put you in a higher tax bracket, you will owe the difference between the withholding amount and your total tax.
2023-04-11 05:20:07

Do canadians pay tax on us lottery win?
Do Canadian citizens have to pay US income tax if they win the lottery in the United States? Yes, because it is taxable income from a U.S. Source.
2023-02-11 11:49:08

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