What is 365 Lottery and how does it work in India?
365 Lottery is a popular lottery system that operates with daily draws throughout the year. In India, it functions under state government regulations and offers various prize categories.
Is 365 Lottery legal in India?
Yes, 365 Lottery is legal in states where lottery systems are permitted by local governments. However, some states have banned lottery operations, so players should check their state regulations before participating.
How can I participate in 365 Lottery?
Participants can purchase tickets from authorized lottery retailers or through online platforms where available. The process involves selecting numbers and waiting for daily draw results.
What are the winning chances in 365 Lottery?
The probability of winning depends on the specific game format and number combinations. Generally, smaller prizes have better odds while jackpots have lower probability rates.
How are 365 Lottery winnings taxed in India?
Lottery winnings in India are subject to tax deduction at source (TDS) under Section 194B of the Income Tax Act. The current TDS rate is 30% on winnings exceeding ₹10,000. |