The way Lottery Winnings are Taxed in India -

how much is lottery taxed
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The Face value of ticket 2 Price notified by the organising state PAYMENT OF TAX UNDER REVERSE CHARGE In the case of lottery run by State Government, the

The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn  However, you don't need to declare prizes won in ordinary lotteries such as lotto draws and raffles If you win prizes as a game show contestant, you only

asian poker player boob fell out Depending on how much you win and on your income, you'll then have to pay a further % to make up the total % that's the top income tax The lump sum payout is automatically taxed at 24%, meaning the winner would actually receive $ million after taxes Based on their previous