How are Lottery winnings taxed?

how much does the government tax lottery winnings
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Flat Tax Rate*: Lottery winnings are taxed at a flat rate of 30% under Section 115BB of the Income Tax Act Surcharge and Cess: In addition to

You would first have to pay a 30 percent tax on that total The tax would be Rs 6 crores in value Since the total is higher than Rs 1 crore,

how to play 5 card stud poker for beginners This includes winnings from the Wisconsin Lottery and out-of-state lotteries government entity, or upon court order, the Wisconsin Lottery

how to win money in vegas slot machines Meanwhile, other states have tax rates for lottery winnings that generally range from about 3% to almost 11% But in any case, once applicable taxes are taken