Lottery Winnings
A: Effective August 13th 2018, lottery winnings are subject to taxation Q: What is the rate of tax? A: Ten percent
Section 194B of Income Tax Act lottery winnings tax
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Have you ever wondered about people who win money on game shows like Kaun Banega Crorepati, Bigg Boss, Indian Idol, etc , paying tax or not? Do
lottery scratchers Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37%
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