Lottery income will be taxable @ 30% straight and thereafter added in your income and taxable slab wise along with Education cess and Secondary higher education cess
since income from lottery is a special income u/s 115BB , and no chapter VI A deduction allowed, the same should be treated separately
once it is treated separately there is no question of applying slab basis and basic exemption that means even though it is included in total income slab shouldn't be applied
slab basis should be applied only against normal income and not special income
Leave a Reply
Your are not logged in . Please login to post replies