The way Lottery Winnings are Taxed in India -

The way Lottery Winnings are Taxed in India - how much taxes do they take out of lottery winnings
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how many tickets are sold in the mater home lottery That cuts the winner's take home to $595,308,000 Gambling winnings are subject to mandatory federal withholding taxes, so your lump sum payment

how much do you actually win from the lottery If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% Income tax is withheld at a flat 24% rate from Lottery winnings are subject to federal income tax withholdings The payer will issue you a Form W-2 G The IRS will automatically withhold 24%