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If I win a lottery or prize money in a competition, am I required to pay Income-tax on it?

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Taxation of prize winnings: lottery and contest prizes taxed at a flat rate with tax deducted at source.
Winnings from lotteries, prize contests or similar competitions are taxable at a flat rate without any basic exemption, and the payer is generally ... Summary

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Income Tax - Frequently Asked Questions (FAQs)

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If I win a lottery or prize money in a competition, am I required to pay Income-tax on it?

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Taxation of prize winnings: lottery and contest prizes taxed at a flat rate with tax deducted at source.

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Taxation of prize winnings: lottery and contest prizes taxed at a flat rate with tax deducted at source.

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