On winning a 1 crore lottery in India, how much taxes do you pay?
On winning a 1 crore lottery in India, how much taxes do you pay?
As per the Income Tax rules, money won in a lottery or any competition is taxable You will have to pay a flat 30 per cent of the winning amount
With a large jackpot, if the winner opted for the lump sum cash value, they would be subject to federal income tax at the top tax rate, which is 37% (So after shall attract a TDS rate of 30%, irrespective of the income tax bracket of the winner Moreover, the winnings cannot be clubbed with the regular
lottery kya hai The tax is required to be withheld at the Pennsylvania personal income tax rate in effect at the time the prize payment is made The withholding requirement Sales Tax Rate Charts · Tax Facts · Statistics · Online Services · Contact · About DOR The state of South Dakota does not tax lottery winnings How can I
