Mega Millions After Taxes: How Much Will the Winner Get?

Yes, lottery winnings are treated separately from the rest of your annual income So you will have to pay tax on your winnings irrespective of

10 lakh However, winning the prize requires you to pay taxes on your winnings If you win Rs 10 lakh, you will have to pay a 30

when was the first national lottery draw Tax Rate: Winning from lottery is taxable at a special rate of 30% No deduction is allowed Also no benefit of slab rate can be taken

when does the postcode lottery get drawn 10 lakh However, winning the prize requires you to pay taxes on your winnings If you win Rs 10 lakh, you will have to pay a 30