How much tax will pay on winning a Rs 1 Crore lottery in India?

lottery tax percentage
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Tax Band 2: Prizes between RON10,001 and RON66,750 are subject to a flat tax of RON300 and a tax rate of 20% on the amount that exceeds RON10,000 Tax Band 3:

Right off the bat, lottery winnings over $5,000 are subject to tax withholding of 24% Additionally, depending on how much you are taking home The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that

lottery sambad 7_5_24 tax collects a lower percentage of income from higher-income households than families spend more of their money on lottery products as a percentage of p  This indicates that earnings from awards and prizes would still be subject to a % tax rate even if the person's income falls under the 20%