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Section 194B of the Income Tax Act requires 30% TDS on lottery & game show winnings over Rs 10000, with an effective tax rate of %,

Powerball and Mega Millions winners usually receive their checks after 14 business days Taxes: The IRS requires that you report ALL Lottery winnings The The current TDS rate on such winnings is 30%, with the total tax liability, including surcharge and cess, amounting to % Winning award

slot background hd In India, lottery winnings are subject to a tax deduction at source of 30% if the amount of the winning exceeds Rs 10,000 Therefore, if In India, lottery winnings are subject to a tax deduction at source of 30% if the amount of the winning exceeds Rs 10,000 Therefore, if