Rebate on 115BB income

Is rebate is allowed on lottery Income?
Replies (4)
Quick Summary
This discussion clarifies whether a tax rebate is permissible on income earned from lotteries and crossword puzzles. Such winnings are taxed under Section 115BB of the Income Tax Act at a flat rate of 30%, and importantly, no rebate is allowed on this specific type of income.

No rebate is not allowed on lottery income
No...
Income on lottery , crossword puzzle is taxable under Sec 115BB at the rate of 30%.
Taxable @ 30%

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details