All about the ₹240 crore UAE lottery won by 29-year-old Indian

Among the chief questions in people's minds after an Indian man won a massive lottery of 100 million dhirams — ₹240 crore — in the UAE recently were: if he has to pay any tax on it, and whether or not he can bring this to India.

Anilkumar has been in the UAE for just one and a half years. (X/@theuaelottery)

The tax status of the 29-year-old Indian expat living in Abu Dhabi, identified as Anilkumar Bolla, would depend on where he pays taxes. There are no local UAE taxes on such lotteries, even when it's the biggest such jackpot ever won in the country. So that means he gets all the money in his bank in the UAE.

In India, however, lottery prizes are taxed at a flat 30%, followed by a 15% surcharge on the tax amount (for winnings above ₹1 crore) and a 4% Health and Education Cess on the total, as per Mint. A person would be subject to this tax if he has resident status in India.