State of NJ - Division of Taxation

winning from lottery is taxable under which head of income   Dan winning patterns in tambola

Income Tax on winning from Lottery Crossword Puzzles Games shows & Race Horses etc will be taxable under the head “Income from Other Sources”

Any payment made under the five heads of income or as specified under the Income Tax Act, 1961 requires you to deduct TDS This provision does not apply to Winnings from a lottery have a flat % TDS applicable, including surcharge and cess under Section 194B So, winnings of Rs 1 crore will have

poorna lottery result today No matter the winner's income tax level, Section 194B of the Income Tax Act, 1961 mandates that any prizes over Rs 10,000 from games, TV shows, Certain incomes, such as winnings from lotteries, gifts, interest on enhanced compensation, etc are always taxable under this head Specific Incomes Income