LatestCorporate Compliance 3 November 2026
Supreme Court Confirms 30% Tax on Lottery Winnings
The Supreme Court has upheld a 30% tax rate on lottery winnings for all taxpayers, regardless of income level, reinforcing a Kerala High Court ruling that treats such prizes as taxable income. The decision confirms that lottery prize money is subject to standard income‑tax provisions and cannot be classified as exempt.
The Supreme Court affirmed that lottery winnings attract a 30% tax for every taxpayer, regardless of how much they earn. This follows a Kerala High Court judgment that treated lottery prizes as ordinary income.
- Tax rate: 30% on all winnings
- No exemption based on income class
- Applies to individuals and firms
[Read full judgment]({"sourceUrl\
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