Tax on Lottery Winnings and Game Show Winnings in India

how are lottery winnings taxed
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Unlike salary or professional income where people are allowed to take deductions or allowance, winnings from contests are fully taxable This is

Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket, The prizes are considered to be employment income taxable under subsection 5 However, there may be circumstances in which the value of an

poker tapado o poker 5 cartas Best states for lottery wins and taxes · North Dakota - Tax rate % · Mississippi - Tax rate % · Pennsylvania - Tax rate % · Indiana - The basic tax rate throughout India for lottery winnings is 30 percent The rate is specific for the taxation of lottery winnings The tax rate