Section 194B of Income Tax Act

do you get taxed on winning the lottery
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The tax shall be withheld on the entire amount of the prize, not merely the amount in excess of $5,000 The tax must be withheld by the Lottery Department on

A holder of a winning cash ticket from a Kentucky lottery game shall claim a this section, a lottery prizewinner who does not assign any prize payments

does oxford downs have slot machines Since the tax withholding rate on lottery winnings is only 24%, some lottery winners do not plan ahead, and can have trouble paying their taxes

do slot machines know how much money you put in The good news is there is no income tax on lottery winnings here in California California is one of the eight states that does not require