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In India, lottery winnings are subject to taxation under the Income Tax Act. The tax on lottery income is levied at a flat rate of 30% plus applicable cess and surcharge, as per Section 115BB of the Act. This applies to any income from lotteries, crossword puzzles, races, games, gambling, or betting. It is important for winners to declare such earnings in their tax returns to avoid penalties. Additionally, some states may impose their own taxes on lottery sales, but the central tax on winnings remains consistent across the country. |
