If someone lives in one state and purchases a winning lottery ticket

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The lottery tax is applicable even if the winner's total annual income falls within the tax exemption slab No deductions are available under

What You Can Do With Your Winnings · Pay Off Your Debt · Get a Second Opinion · Plan Charitable Donations · Advice · Protect Your Assets · Monitor Your Stress  The entire amount received will be taxable at the flat rate of % For instance, if Rahul has won Rs 3 lakhs as prize money from a game show

bc lottery lotto max So, if I won the lottery, I'd fund research into those areas I'd take advice on whether the money would be best used by me funding an annual Winning a lottery is an easy way to riches For me it shall be a dream come true for I can do almost everything I wish to do