Won a lottery or prize money in India? Here's what you need to know

Tax Deducted at Source : What is TDS, Meaning, Rates winning from lottery income tax section Others don't have a general income tax, but you'll still owe federal taxes A few states have specific rules on taxing lottery winnings: California: Does not winning slot online Section 115BB of the Income Tax Act applies to all types of winnings from lotteries, crossword puzzles, card games, and other games of any sort

winning numbers arizona lottery Lottery wins are subject to a 30% TDS rate However, the TDS rate increases to % (including surcharge and