Do you need to pay tax on lottery winnings?

Lottery winnings in India are subject to a flat 30% tax rate This means that if you won 20 crore, you would have to pay 6 crore as tax,

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taxes on lottery winnings in texas Income Liable to Tax at Normal Rate --- Short Term Capital Gains (Covered us Winnings from Lottery, Crossword Puzzles, etc 30% Income Tax Payable

tax on winning lottery To calculate the amount you need to pay in Kentucky, enter your annual income and gambling winnings details into our gambling and lottery tax