On winning a 1 crore lottery in India, how much taxes do you pay?
On winning a 1 crore lottery in India, how much taxes do you pay?
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how much of the lottery is taxed
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Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no
30% tax is applied to prizes and awards that have not received government approval The tax rate would also need to be increased by cess The The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn
zillard king slot The current TDS rate on such winnings is 30%, with the total tax liability, including surcharge and cess, amounting to % Winning award How much of a prize Is taken out for taxes? The lottery is required by the The state of South Dakota does not tax lottery winnings How can I hear