lottery winnings tax calculator
Income Tax Calculator Lottery Winnings
lottery winnings tax calculator
website lottery winnings tax calculator According to Section 194B of the IT Act, 1961, a tax rate of 30% is applicable on lottery winnings exceeding Rs 10,000 This is treated lottery on 1 september 2022 If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding
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