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The tax slabs for the current financial year are as follows Up to 3,00,000 Nil 3,00,010 to 6,00,000 5 6,00,010 to 9,00,000 10 9,00,010 to 12,00,000 15 12,00,010 to 15,00,000 20 Above 15,00,000 30Tax Deducted at Source TDSThe lottery organizer is required to deduct TDS on lottery winnings exceeding 10,000 at the source, which means the tax will be deducted before you receive the winnings.
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