Tax on Lottery Winnings in India Section 194B of IT Act

website how much do you pay in taxes on lottery winnings and are taxable at the rate of five percent plus surcharge Winnings are taxable in the year the taxpayer receives or has a right to receive the money how to win a lottery Do I have to pay taxes on my winnings? Yes All prize winnings are subject to federal and state income tax withholding State tax of % is automatically

how much do you pay in taxes on lottery winnings However, winning the prize requires you to pay taxes on your winnings If you win Rs 10 lakh, you will have to pay a 30% tax on lottery  For Traditional products , the Oregon Lottery® is required to report all Traditional product prizes of $600 or more to the  Do I have to pay taxes on my winnings? Yes All prize winnings are subject to federal and state income tax withholding State tax of % is automatically

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