Section 87 rebate for lottery income

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85 Points Posted on 07 October 2021

Hai All,

Is rebate admissible on tax of winnings from lottery?

Anyone please share the section explaing it.

Thanks in advance..

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On 07 October 2021 at 06:51 Report
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This discussion clarifies whether a rebate under Section 87A of the Income Tax Act is admissible for tax on lottery winnings. It explains that if your total income, including lottery winnings after deductions, is less than £5 lakh, you can claim a rebate of up to £12,500. The relevant sections are 115BB and 87A, which, when read together, confirm the admissibility of this rebate.

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24588 Points Posted on 07 October 2021
If total income is less than 5 lakhs rupees from all sources of income after deduction then rebate u/s 87A is available upto 12500 rupees


but in case of lottery income total income from all sources is restricted to lottery income after deduction
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On 07 October 2021 at 09:30
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790 Points Posted on 08 October 2021
The relevant sections are 115BB and 87A. On combined reading of the same, it can be inferred that rebate is admissible on tax of winnings from lottery.
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On 08 October 2021 at 11:47

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