What is the Tax for Lottery Winnings Prize in Kerala? TDS

lottery winning tax rate
➡️【Mk.com】✅बस डाउनलोड करें और कैसीनो स्लॉट स्पिन का आनंद लें! ✅सबसे लोकप्रिय सोशल स्लॉट गेम्स में से: बड़ी जीत हासिल करें और हमारे ऑनलाइन कैसीनो में बड़ी जीत हासिल करें। ✅  As per the Income Tax rules, money won in a lottery or any competition is taxable You will have to pay a flat 30 per cent of the winning lottery sambad atta pm However, winning the prize requires you to pay taxes on your winnings If you win Rs 10 lakh, you will have to pay a 30% tax on lottery

lottery winning tax rate Still, you'll probably owe more when taxes are due, since the top federal tax rate is 37% So a good first step a lottery winner could take is  Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket,  Gambling winnings are subject to a 24% federal tax rate Exclusive Offer logo ×

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