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In India, lottery winnings are subject to tax deductions under the Income Tax Act. The tax rate for lottery winnings is 30% under Section 115BB, which applies to any income from lotteries, crossword puzzles, races, games, gambling, or betting. This tax is deducted at source （TDS） by the payer if the winnings exceed Rs. 10,000 in a financial year. Additionally, the winnings are included in the total income of the individual and may be subject to surcharge and cess as per the applicable tax slabs. It is important for winners to declare these earnings in their income tax returns to avoid penalties. For more details, consult a tax advisor or refer to the official government guidelines. |
