Income from Other Sources

The prize money is taxable and is regarded as distinct from ordinary income income: The winnings are invested in any savings products listed under Sections 80C

Check the taxability of estatetrust income received from an estate under administration or a trust Winnings received from betting or lottery

winning california lottery numbers Income from lottery is taxed under the head income from other sources Flat 30% tax on 1cr equals 30 lacs then there's surchage at the rate 5%

winning from lottery tds rate It is not counted as casual income when winning is the result of ability and effort Lottery held as stock in trade shall be taxed under