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Sec 115BB of income tax act

11 September 2018

Is education cess applicable on any income by way of winning from any lottery/ crossword puzzle/ race to an Indian resident.

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3 Replies

Ruchika Somani (Coaching and Practice in Tax Audit Law.) (4429 Points)
Replied 11 September 2018

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

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Ankita Sharma (43 Points)
Replied 11 September 2018

thank you for clearing my confusion

Sunil Suni (94 Points)
Replied 12 September 2018

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