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In Kerala, India, the 10 crore lottery tax refers to the taxation rules applied to lottery winnings, particularly for large prizes like 10 crore rupees. This tax is governed by local Indian regulations, where lottery income is considered taxable under the Income Tax Act. Winners must declare such earnings in their tax returns, and the tax rate can vary based on the amount and other factors. It is a common topic among participants in state-run lotteries, which are popular local products in Kerala, often used to fund public welfare schemes. |
