Section 194B of Income Tax Act

Any income received as prize money from a lottery is taxed under the head 'Income from Other Sources' As per Section 115BB, when a taxpayer's

How much do I pay in taxes if I win 1,000,000? If your gross prize for lump sum payout is $1,000,000, you need to pay $334,072 in total tax ($240,000 federal

docp117 Awards that are not approved by the Government and prizes are taxed at the rate of 30% Cess is added to the tax rate, which brings the total

download lottery scanner Lottery sales are already taxed yet they tax your winnings Same way some states make you pay annual property tax for property you were already